๐ $SOL
Technical Analysis | 4H Chart ๐
Solana is currently trading around $111.16 (+0.77%), showing signs of a short-term recovery after a sharp decline to $105.71. Momentum indicators are improving, but price is approaching important resistance levels.
๐น Key Support Zones
๐ข $108โ$110 โ Immediate support and potential long-entry zone
๐ข $104โ$106 โ Stronger support zone
๐ต $102 โ Potential downside liquidity area
๐ด Key Resistance Zones
โ ๏ธ $114โ$116 โ First major resistance and potential short-entry zone
โ ๏ธ $118โ$120 โ Secondary resistance
๐จ $124.5โ$126 โ Major resistance and sell-side liquidity zone
๐ LONG Setup
Entry: $108โ$110 after bullish confirmation
๐ฏ TP1: $114 | TP2: $118
๐ Stop-loss: Below $105.7
๐ SHORT Setup
Entry: $114โ$116 after bearish rejection
๐ฏ TP1: $108 | TP2: $104
๐ Stop-loss: Above $120
๐ Market Outlook: MACD momentum is improving, while RSI near 58 suggests strengthening buying pressure. However, SOL must overcome resistance to confirm a stronger bullish move.
โ ๏ธ Wait for candle confirmation, manage risk, and avoid chasing price. These levels are scenario-based, not guaranteed signals.
$SOL #Solana #cryptotrading #VJAnalysis #BTC #Altcoins #TradingStrategy #CryptoSignals
NFA โ Not Financial Advice. Trade responsibly.
Technical Analysis | 4H Chart ๐
Solana is currently trading around $111.16 (+0.77%), showing signs of a short-term recovery after a sharp decline to $105.71. Momentum indicators are improving, but price is approaching important resistance levels.
๐น Key Support Zones
๐ข $108โ$110 โ Immediate support and potential long-entry zone
๐ข $104โ$106 โ Stronger support zone
๐ต $102 โ Potential downside liquidity area
๐ด Key Resistance Zones
โ ๏ธ $114โ$116 โ First major resistance and potential short-entry zone
โ ๏ธ $118โ$120 โ Secondary resistance
๐จ $124.5โ$126 โ Major resistance and sell-side liquidity zone
๐ LONG Setup
Entry: $108โ$110 after bullish confirmation
๐ฏ TP1: $114 | TP2: $118
๐ Stop-loss: Below $105.7
๐ SHORT Setup
Entry: $114โ$116 after bearish rejection
๐ฏ TP1: $108 | TP2: $104
๐ Stop-loss: Above $120
๐ Market Outlook: MACD momentum is improving, while RSI near 58 suggests strengthening buying pressure. However, SOL must overcome resistance to confirm a stronger bullish move.
โ ๏ธ Wait for candle confirmation, manage risk, and avoid chasing price. These levels are scenario-based, not guaranteed signals.
$SOL #Solana #cryptotrading #VJAnalysis #BTC #Altcoins #TradingStrategy #CryptoSignals
NFA โ Not Financial Advice. Trade responsibly.