$SOL
🔴 SOL/USDT | Bearish trend and strong selling pressure
📉 Trend: Bearish on the hourly timeframe, with the price below MA7, MA25, and MA99, down 9.57%.
🟢 Support: 71.93 – 71.50 USDT.
🔴 Resistance: 74.23 – 74.85, then 76.40 – 77.92 USDT.
📈 Bullish scenario: Breaking above 74.25 and holding above it may support a rebound toward 76.40.
📉 Bearish scenario: A break below 71.93 may reinforce the continued decline.
⚠️ Entry strategy: Wait for confirmation of a breakout or a retest of resistance before making a trading decision, while adhering to a stop-loss.
#SOL #Solana #Binance #USDT #USDC
🔴 SOL/USDT | Bearish trend and strong selling pressure
📉 Trend: Bearish on the hourly timeframe, with the price below MA7, MA25, and MA99, down 9.57%.
🟢 Support: 71.93 – 71.50 USDT.
🔴 Resistance: 74.23 – 74.85, then 76.40 – 77.92 USDT.
📈 Bullish scenario: Breaking above 74.25 and holding above it may support a rebound toward 76.40.
📉 Bearish scenario: A break below 71.93 may reinforce the continued decline.
⚠️ Entry strategy: Wait for confirmation of a breakout or a retest of resistance before making a trading decision, while adhering to a stop-loss.
#SOL #Solana #Binance #USDT #USDC