📊SOLUSDT 4H Market Update
• Trend: Bullish
• SMA (20): 119.623
• Support: 112.39
• Resistance: 124.99
• Current Price: 123.9
📈Strategy:
Price is trading in the premium zone above the 20 SMA, indicating strong bullish momentum. However, the proximity to resistance at 124.99 suggests a potential short-term rejection. For institutional traders, a short entry near 123.9 with a stop loss at 120.183 and take profit at 129.4755 offers a 1:1.5 risk/reward. Monitor for a bearish structure break below 119.99 to confirm reversal.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bullish
• SMA (20): 119.623
• Support: 112.39
• Resistance: 124.99
• Current Price: 123.9
📈Strategy:
Price is trading in the premium zone above the 20 SMA, indicating strong bullish momentum. However, the proximity to resistance at 124.99 suggests a potential short-term rejection. For institutional traders, a short entry near 123.9 with a stop loss at 120.183 and take profit at 129.4755 offers a 1:1.5 risk/reward. Monitor for a bearish structure break below 119.99 to confirm reversal.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇