๐ SOL โ RANGE BOUND & MOVING AVERAGE TIGHTENING! ๐
$SOL (Solana) is trading at 118.54 (-1.27%, or roughly Rs32,824.91), moving within a 24-hour range between a high of 121.98 and a low of 116.88. Price action on this 4-hour chart displays a tight consolidation phase following the defense of the 116.25 local swing low, currently hovering right across the fast MA(7) (119.85), MA(25) (120.26), and foundational MA(99) (118.92) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ข LONG ENTRY: 116.50โ118.50 (on minor intraday pullbacks or retests near the moving average support zone)
๐ STOP LOSS: 114.80
๐ฏ TP1: 123.50
๐ฏ TP2: 128.00
Are you positioning for a breakout continuation on Solana as it holds this moving average compression, or waiting for a cleaner directional push? Let's discuss below! ๐
๐ Trade: $SOL
#sol #solana #cryptotrading #BinanceSquare #bullish
$SOL (Solana) is trading at 118.54 (-1.27%, or roughly Rs32,824.91), moving within a 24-hour range between a high of 121.98 and a low of 116.88. Price action on this 4-hour chart displays a tight consolidation phase following the defense of the 116.25 local swing low, currently hovering right across the fast MA(7) (119.85), MA(25) (120.26), and foundational MA(99) (118.92) cluster.
๐ QUICK TRADE PLAN โ 4H
๐ข LONG ENTRY: 116.50โ118.50 (on minor intraday pullbacks or retests near the moving average support zone)
๐ STOP LOSS: 114.80
๐ฏ TP1: 123.50
๐ฏ TP2: 128.00
Are you positioning for a breakout continuation on Solana as it holds this moving average compression, or waiting for a cleaner directional push? Let's discuss below! ๐
๐ Trade: $SOL
#sol #solana #cryptotrading #BinanceSquare #bullish