SOL is currently in a strong bearish trend. The price is trading below all major EMAs, confirming downside pressure.
Coin: $SOL /USDT
SOL
87.34
-2.79%
Entry Price: 83 – 85 USDT
TP1: 80 USDT
TP2: 77 USDT
TP3: 73 USDT
Stop-Loss: 88 USDT
Analysis:
The price is continuously making lower lows and the EMA lines are acting as strong resistance.
RSI is in the oversold zone, indicating weak buyers.
MACD is in the negative, confirming bearish momentum.
The trend is still downward, so a short opportunity on a pullback seems strong 📉