SOLUSDT Trade Setup (4H)
SOL is currently trading around $88 after rejecting the upper Bollinger Band near $94. The price is now pulling back toward the Bollinger middle band, which often acts as dynamic support during an uptrend.
The short-term structure still favors the upside. After bouncing from the $77 area, SOL formed a higher high near $94 and is now consolidating above the middle Bollinger Band.
Price is testing the middle band, which may act as support if the trend remains intact.
RSI is Around 42, suggesting momentum has cooled after the recent rally.
OBV: Slight decline, indicating buying pressure has slowed during the pullback.
Bullish Setup
If the $87–$88 support area holds and buyers step in, SOL could attempt another move toward the previous resistance zone.
Entry Area
$87 – $88
Targets
Target 1: $92
Target 2: $94
Stop Loss
$85 (below recent support to manage downside risk)
Bearish Scenario
If price breaks below $87 with strong momentum, the next potential support may appear near $83, which is close to the lower Bollinger Band.
Proper risk management is essential in volatile markets. Click the link below to trade
Always manage risk and avoid over-leveraging.
#SOL #CryptoTrading #TechnicalAnalysis #BinanceSquare
SOL is currently trading around $88 after rejecting the upper Bollinger Band near $94. The price is now pulling back toward the Bollinger middle band, which often acts as dynamic support during an uptrend.
The short-term structure still favors the upside. After bouncing from the $77 area, SOL formed a higher high near $94 and is now consolidating above the middle Bollinger Band.
Price is testing the middle band, which may act as support if the trend remains intact.
RSI is Around 42, suggesting momentum has cooled after the recent rally.
OBV: Slight decline, indicating buying pressure has slowed during the pullback.
Bullish Setup
If the $87–$88 support area holds and buyers step in, SOL could attempt another move toward the previous resistance zone.
Entry Area
$87 – $88
Targets
Target 1: $92
Target 2: $94
Stop Loss
$85 (below recent support to manage downside risk)
Bearish Scenario
If price breaks below $87 with strong momentum, the next potential support may appear near $83, which is close to the lower Bollinger Band.
Proper risk management is essential in volatile markets. Click the link below to trade
Always manage risk and avoid over-leveraging.
#SOL #CryptoTrading #TechnicalAnalysis #BinanceSquare
