$SOL

Daily Frame (D1):

• The general trend is bearish, but there are signals of price recovery after forming a new bottom.

• The price has started to bounce from the Discount Zone, which represents a strong liquidity area.

• The moving averages show the price attempting to return above EMA 50, supporting the likelihood of further upward movement.

• Previous BOS (Break of Structure) areas indicate the end of the bearish trend and the beginning of an upward wave.

4-Hour Frame (H4):

• The price successfully broke structure (CHoCH) and retested the support area at $127.58.

• The price is currently trading in the 50% - 61.8% Fibonacci area, supporting the chances of continued upward movement.

• We have strong resistance at $134.63 (PMH), if broken, we will see an extension in the upward movement.

• The Relative Strength Index (RSI) is in an upward zone, supporting the idea of continued upward momentum.

Trading Recommendations Based on Technical Analysis

Scalping Trades

🔹 Buy from $129.12, first target: $134.63, second target: $138.84, stop at $126.24.

🔹 Sell from $134.63 in case of failure to break, first target: $129.12, stop at $136.50.

Swing Trading

✅ Buy from $126.24 - $127.58, first target: $134.63, second target: $147.31, stop at $118.88.

✅ Sell from $156.29 in case of no upward break, first target: $142.07, second target: $134.63, stop at $160.00.