๐ SOL โ CONSOLIDATION & MOVING AVERAGE TIGHTENING! ๐ป
$SOL (Solana) is trading lower at 110.17 (-1.91%, or roughly Rs30,605.23), moving within a 24-hour range between a high of 112.70 and a low of 105.61. Price action on this 4-hour chart displays a slight stabilization phase following the bounce off the 105.61 swing low, currently hovering just near the fast MA(7) (109.93) while staying beneath the MA(25) (115.94) and structural MA(99) (118.41) bands.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 113.00โ116.00 (on relief bounces or retests toward the moving average resistance zone)
๐ STOP LOSS: 118.20
๐ฏ TP1: 104.50
๐ฏ TP2: 99.00
Are you watching for a sustained relief bounce on Solana from these lower levels, or expecting another leg down? Let's discuss below! ๐
๐ Trade: $SOL
#sol #Solana #cryptotrading #BinanceSquare #bearish
$SOL (Solana) is trading lower at 110.17 (-1.91%, or roughly Rs30,605.23), moving within a 24-hour range between a high of 112.70 and a low of 105.61. Price action on this 4-hour chart displays a slight stabilization phase following the bounce off the 105.61 swing low, currently hovering just near the fast MA(7) (109.93) while staying beneath the MA(25) (115.94) and structural MA(99) (118.41) bands.
๐ QUICK TRADE PLAN โ 4H
๐ด SHORT ENTRY: 113.00โ116.00 (on relief bounces or retests toward the moving average resistance zone)
๐ STOP LOSS: 118.20
๐ฏ TP1: 104.50
๐ฏ TP2: 99.00
Are you watching for a sustained relief bounce on Solana from these lower levels, or expecting another leg down? Let's discuss below! ๐
๐ Trade: $SOL
#sol #Solana #cryptotrading #BinanceSquare #bearish