🔗 SOL/USDT – Consolidation at Key Moving Averages
Current Price: 136.83
24h Change: +3.06%
24h High: 144.93
24h Low: 131.62
Trend: Neutral, trading just below key moving averages in a consolidation range after recent volatility.
🎯 Trade Idea: LONG on Support Hold (Cautious)
Entry Zone: 134.00 – 135.50
(Near MA(99) support and the lower bound of recent consolidation)
Take Profit Targets:
✅ TP1: 142.00 (Approaching 24h High)
✅ TP2: 145.50 (Break of 24h High & Extension)
Stop Loss: 130.50
(Below 24h Low and key support structure)
📊 Key Indicators:
· MA(7): 138.41 (Immediate resistance)
· MA(25): 138.17 (Confluence resistance)
· MA(99): 134.79 (Critical dynamic support)
· 24h Volume: 705.98M USDT shows strong market participation
⚠️ Risk Note:
SOL is in a defined range. Wait for confirmation at support before entering. Use strict risk management—high leverage is risky in consolidation phases. This is not financial advice.
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#RangeTrade $SOL