$SOL: Technical Signals Turn Positive as Market Momentum Builds
LONG SETUP SOL
Entry: $114.900 - $115.000
Stop Loss: $110.900
Take Profit: $123.050 (2R)
Key Levels: Support $114.220 | Resistance $116.810
Technical Analysis for $SOL: Price sits just above the 1hour lower Bollinger band and 114.22 support, while EMAs stay higher, keeping bias bearish. RSI 34 and Stochastic ~26 show oversold conditions, and MACD line is above its signal, adding a bullish nudge. Orderbook shows a 10% bid imbalance. Risk: break below EMA9 (115.5) toward 114.22. Watch for a close above 115.6 to confirm upside.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 73.8% of assets red.
LONG $SOL
LONG SETUP SOL
Entry: $114.900 - $115.000
Stop Loss: $110.900
Take Profit: $123.050 (2R)
Key Levels: Support $114.220 | Resistance $116.810
Technical Analysis for $SOL: Price sits just above the 1hour lower Bollinger band and 114.22 support, while EMAs stay higher, keeping bias bearish. RSI 34 and Stochastic ~26 show oversold conditions, and MACD line is above its signal, adding a bullish nudge. Orderbook shows a 10% bid imbalance. Risk: break below EMA9 (115.5) toward 114.22. Watch for a close above 115.6 to confirm upside.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 73.8% of assets red.
LONG $SOL