$SOL Update: Slipping Below $90, Bulls Defending the $88.67 Low 🔻
Solana (SOLUSDT Perp) is trading around $89.20, down -0.76% in the last 24 hours. The 24h range is $88.67 to $90.35, with volume of about $506.85M USDT.
Short-term view (1h chart):
• Price keeps making lower highs and bounced from the $88.67 low
• Supertrend is bearish at $90.30, acting as strong overhead resistance
• RSI(6) is at 43.1, leaning bearish but not oversold
• Resistance: $89.32, then $90.07 and $90.30
Support: $88.67, then $88.56
Bigger picture:
• Today: -0.62%
• 7 Days: -7.05%
• 30 Days: -17.42%
• 90 Days: +15.57%
• 180 Days: -8.27%
• 1 Year: -44.95%
SOL has lost the psychological $100 level since last week and is now trading in the high $80s. The trend stays bearish until price reclaims the Supertrend line. The $88.67 zone is the key level: holding it keeps the range alive, while a clean break can open another leg lower.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $88.70 - $89.20 (confirm with a green 1h candle)
• Stop Loss: $88.10
• TP1: $90.07
• TP2: $90.82
• Risk-Reward: approx. 1:2
Short (breakdown play):
• Entry: Below $88.60 with a 1h candle close
Stop Loss: $89.40
• TP1: $87.50
• TP2: $86.50
Invalidation: For longs, a 1h close below $88.56 cancels the bounce setup. For shorts, a strong 1h close above $90.07 invalidates the breakdown.
Wait for candle closes, keep position size small, and use low leverage on futures.
Will SOL hold $88 or break lower? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#sol #solana #cryptotrading #TradingSignals #BinanceSquare
$MITO
$MET
Solana (SOLUSDT Perp) is trading around $89.20, down -0.76% in the last 24 hours. The 24h range is $88.67 to $90.35, with volume of about $506.85M USDT.
Short-term view (1h chart):
• Price keeps making lower highs and bounced from the $88.67 low
• Supertrend is bearish at $90.30, acting as strong overhead resistance
• RSI(6) is at 43.1, leaning bearish but not oversold
• Resistance: $89.32, then $90.07 and $90.30
Support: $88.67, then $88.56
Bigger picture:
• Today: -0.62%
• 7 Days: -7.05%
• 30 Days: -17.42%
• 90 Days: +15.57%
• 180 Days: -8.27%
• 1 Year: -44.95%
SOL has lost the psychological $100 level since last week and is now trading in the high $80s. The trend stays bearish until price reclaims the Supertrend line. The $88.67 zone is the key level: holding it keeps the range alive, while a clean break can open another leg lower.
📊 Trade Plan (Example Only):
Long (support bounce):
• Entry: $88.70 - $89.20 (confirm with a green 1h candle)
• Stop Loss: $88.10
• TP1: $90.07
• TP2: $90.82
• Risk-Reward: approx. 1:2
Short (breakdown play):
• Entry: Below $88.60 with a 1h candle close
Stop Loss: $89.40
• TP1: $87.50
• TP2: $86.50
Invalidation: For longs, a 1h close below $88.56 cancels the bounce setup. For shorts, a strong 1h close above $90.07 invalidates the breakdown.
Wait for candle closes, keep position size small, and use low leverage on futures.
Will SOL hold $88 or break lower? Share your view below! 👇
Not financial advice. Always DYOR. Futures trading carries high risk.
#sol #solana #cryptotrading #TradingSignals #BinanceSquare
$MITO
$MET
