SOL/USDT: Pivoting Precisely at MA60, Decision Point Ahead ⚖️
SOL is trading at $128.73, down -1.15% today, consolidating at a critical technical juncture. The price is trading almost exactly at the MA60 ($128.72), creating a decisive pivot point. The 24-hour range is defined by resistance at $130.94 and support at $126.73, setting clear boundaries for the next directional move.
Trade Idea (Pivot Decision & Break Play):
Scenario 1 (Long on MA60 Support Confirmation):
Entry Zone: $128.80 – $129.50 (on confirmed hold above MA60)
Stop Loss (SL): Below $127.50 (loss of MA60 structure)
Take Profit Targets (TP):
TP1: $130.50 (approach 24h high)
TP2: $132.00 (next resistance)
Scenario 2 (Short on MA60 Breakdown):
Entry Trigger: Rejection at MA60 and drop below $128.50
Stop Loss (SL): Above $129.50
Take Profit (TP): $127.00 → $126.00
High volume of 232.42M USDT indicates strong market interest at this level. Despite the weekly downtrend (-9.04% 7D), a firm hold above MA60 could signal a near-term recovery attempt.