🚀 $SOL : Time to catch the bounce? Technical Analysis 1D
Hello, Binancians! The daily chart of Solana (SOL/USDT) is sending us interesting signals after the recent correction. Is this the ideal moment for a Long? Let's break it down:
🔍 The Current Scenario
After reaching local highs near $148, SOL has had a healthy pullback. The most important thing: the price has just accurately tested the support zone at $111.75, leaving a lower wick that indicates the presence of buyers (absorption).
📊 Key Indicators
RSI (14): It is at 35.5, approaching "oversold" levels. Historically, when the RSI in 1D drops below 30-35, it often precedes a significant technical bounce.
Critical Support: $111.75 has acted as a wall. As long as we stay above this level, the long-term bullish structure remains intact.
Resistance to Overcome: The first challenge is at $126.20. Overcoming that level would confirm the local trend change.
🎯 Suggested "Long" Strategy
If you are looking for an entry, here’s a possible setup:
Optimal Entry: Between $112.00 - $116.80 (current price).
Take Profit 1 (TP1): $126.20 (Immediate resistance and partial profit-taking zone).
Take Profit 2 (TP2): $134.35 (Recovery of the previous consolidation level).
Stop Loss (SL): $109.50 (Below the recent low to protect us from a larger capitulation).