SOL/USDT - quick technical analysis 21 August $SOL
Guys, SOL surprised everyone today!
The current price is 88.32$ (+0.75%), and it touched 89.06$ after being trapped for two months between 71$ and 77$.
What happened on the chart:
- Daily timeframe: the low at 60.13$ on 28 June was the real low; after that came a long accumulation
- Moving averages MA7: 80.63 / MA25: 76.18 / MA99: 76.19 all are below the price, meaning a strong uptrend
- Today’s volume: 3.77M SOL / 327M USDT, much higher than the 10-day average of 1.54M; OBV is up 86M
Trading plan:
Don’t enter now—price is at resistance.
BUY ZONE: 76$ - 80$ a golden area for a retest
SELL ZONE: 89$ - 90.86$ take first profits
The second target if we break 90.86$: 95$ - 100$
Stop loss: a daily close below 76$
I’m waiting for a correction to 80$ to enter.
Do you think $SOL will break 90$ today and not go back to correct?
This is a personal technical analysis and not an investment advice.
#تحليل_فني_وليست_توصية #solana #sol
Guys, SOL surprised everyone today!
The current price is 88.32$ (+0.75%), and it touched 89.06$ after being trapped for two months between 71$ and 77$.
What happened on the chart:
- Daily timeframe: the low at 60.13$ on 28 June was the real low; after that came a long accumulation
- Moving averages MA7: 80.63 / MA25: 76.18 / MA99: 76.19 all are below the price, meaning a strong uptrend
- Today’s volume: 3.77M SOL / 327M USDT, much higher than the 10-day average of 1.54M; OBV is up 86M
Trading plan:
Don’t enter now—price is at resistance.
BUY ZONE: 76$ - 80$ a golden area for a retest
SELL ZONE: 89$ - 90.86$ take first profits
The second target if we break 90.86$: 95$ - 100$
Stop loss: a daily close below 76$
I’m waiting for a correction to 80$ to enter.
Do you think $SOL will break 90$ today and not go back to correct?
This is a personal technical analysis and not an investment advice.
#تحليل_فني_وليست_توصية #solana #sol