SOL/USDT Analysis & Trade Signal
Chart Overview:
The Solana (SOL/USDT) chart is on a 4-hour timeframe.
The price is currently in a downtrend, trading inside a descending channel.
Major support zone: $124 - $112 (marked in red).
Major resistance zones: $152, $177, $227, and $285.
Trade Plan & Signal:
📌 Buy Zone (High Risk Entry):
The price is around $124.67, which is near the support zone.
The chart suggests waiting for a strong bullish candle before entering.
If the price holds this support, it could trigger a reversal.
📌 Stop Loss:
Below $112.93 to minimize risk.
📌 Target Levels:
First target: $152
Second target: $177
Third target: $227
Final target: $285
📌 Risk Management:
If the price breaks below $112, the downtrend could continue.
Enter only after confirmation of a bullish reversal.
Conclusion:
Bullish scenario: A bounce from $124 could lead to $152+ targets.
Bearish scenario: A break below $112 might push the price lower.
Recommendation: Wait for a bullish confirmation before entering.
Would you like further analysis or modifications in risk management? 🚀
Chart Overview:
The Solana (SOL/USDT) chart is on a 4-hour timeframe.
The price is currently in a downtrend, trading inside a descending channel.
Major support zone: $124 - $112 (marked in red).
Major resistance zones: $152, $177, $227, and $285.
Trade Plan & Signal:
📌 Buy Zone (High Risk Entry):
The price is around $124.67, which is near the support zone.
The chart suggests waiting for a strong bullish candle before entering.
If the price holds this support, it could trigger a reversal.
📌 Stop Loss:
Below $112.93 to minimize risk.
📌 Target Levels:
First target: $152
Second target: $177
Third target: $227
Final target: $285
📌 Risk Management:
If the price breaks below $112, the downtrend could continue.
Enter only after confirmation of a bullish reversal.
Conclusion:
Bullish scenario: A bounce from $124 could lead to $152+ targets.
Bearish scenario: A break below $112 might push the price lower.
Recommendation: Wait for a bullish confirmation before entering.
Would you like further analysis or modifications in risk management? 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.