📉 SOL — PULLBACK & MOVING AVERAGE RETRACEMENT! 🔻
$SOL (Solana) is trading lower at 108.17 (-1.14%, or roughly Rs29,947.95), moving within an active 24-hour range between a high of 109.87 and a low of 101.56. Price action on this 4-hour chart displays a cooling pullback following a rejection from higher swing regions, currently hovering right near the fast MA(7) (107.58) and MA(25) (109.53) bands while remaining suppressed below the macro structural MA(99) (116.30) line.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 102.00–107.50 (on strong defense and stabilization around the lower moving average cluster)
🛑 STOP LOSS: 99.50
🎯 TP1: 115.00
🎯 TP2: 122.00
Are you watching for a strong bounce off the current support zone on Solana, or waiting for a reclaim of the MA(25) line? Let's discuss below! 👇
👉 Trade: $SOL
#solana #sol #cryptotrading #BinanceSquare #bullish
$SOL (Solana) is trading lower at 108.17 (-1.14%, or roughly Rs29,947.95), moving within an active 24-hour range between a high of 109.87 and a low of 101.56. Price action on this 4-hour chart displays a cooling pullback following a rejection from higher swing regions, currently hovering right near the fast MA(7) (107.58) and MA(25) (109.53) bands while remaining suppressed below the macro structural MA(99) (116.30) line.
📊 QUICK TRADE PLAN — 4H
🟢 LONG ENTRY: 102.00–107.50 (on strong defense and stabilization around the lower moving average cluster)
🛑 STOP LOSS: 99.50
🎯 TP1: 115.00
🎯 TP2: 122.00
Are you watching for a strong bounce off the current support zone on Solana, or waiting for a reclaim of the MA(25) line? Let's discuss below! 👇
👉 Trade: $SOL
#solana #sol #cryptotrading #BinanceSquare #bullish