📊SOLUSDT 4H Market Update
• Trend: Bearish
• SMA (20): 109.7135
• Support: 101.56
• Resistance: 113.38
• Current Price: 104.4
📈Strategy:
Price is trading below the 20 SMA and the 4H range low, confirming bearish momentum. However, we are deep in the discount zone (favorable for longs), with support at 101.56 offering a potential reversal area. The immediate bias is bearish until a reclaim of the 4H swing high at 113.38. For longs, a bounce from support with confirmation could target the resistance zone, but a break below 101.56 invalidates the setup. Risk management is key—wait for a bullish divergence or higher low before entering. #Crypto #Binance #$SOLUSDT
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⚠️ Not financial advice - always DYOR.
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• Trend: Bearish
• SMA (20): 109.7135
• Support: 101.56
• Resistance: 113.38
• Current Price: 104.4
📈Strategy:
Price is trading below the 20 SMA and the 4H range low, confirming bearish momentum. However, we are deep in the discount zone (favorable for longs), with support at 101.56 offering a potential reversal area. The immediate bias is bearish until a reclaim of the 4H swing high at 113.38. For longs, a bounce from support with confirmation could target the resistance zone, but a break below 101.56 invalidates the setup. Risk management is key—wait for a bullish divergence or higher low before entering. #Crypto #Binance #$SOLUSDT
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇