📊 Technical Analysis: Solana (SOL/USD) - Intraday
The SOL/USD pair has been testing crucial support levels after a sequence of lower highs and lows. Below, I detail the points of attention for a possible strategy:
🔍 Current Overview:
Trend: Clearly Bearish on the 45m chart. The price is operating below the main Moving Averages (EMA 20/50/100/200).
RSI (Relative Strength Index): Currently at 27.87, indicating an oversold region. This suggests that a rebound (technical correction upwards) may be
🚀 Suggested Trading Plan for SOLANA.
Entry Point (Long/Buy): Ideally wait for a reversal signal or the retest of support at $91.25. A more conservative entry would be after the breakout of the EMA 20 (light blue line) with buying volume.
Exit Targets (Take Profit):
TP1: $96.00 (Immediate resistance and proximity to EMA 50).
TP2: $98.58 (Previous liquidity zone).
TP3: $101.40 (Psychological level and resistance of long averages).
Stop Loss (Protection): Below $88.00. If it loses this level, the asset may seek new deeper lows.
⚠️ Important Notes:
The market is volatile. The oversold RSI draws attention to a possible short-term "bounce" upwards, but trading against the trend of the averages requires caution and strict risk management.
