$SOL
Main resistance: 153.99$ and 155.00$ on the daily chart, breaking it may push the price towards 160$ then 165$.
Vital support: between 146.27$ and 142.50$, represents an attractive re-entry zone after the current correction.
Price forecasts: Analysts expect the price to stabilize around 150$ before a potential upward strike, with short-term targets at 160$ and 166$.
Trading strategies
1. Identify entry points: Place limit buy orders at support 146.27$, ready to add a position if the rebound above 148$ is confirmed.
2. Risk management: Use a stop-loss below at 142$ to protect capital from a deeper retracement wave.
3. Monitor indicators: Watch the convergence of moving averages MA5 and MA10; their bullish crossover indicates strengthening positive momentum.
4. Trading volume: Increased trading volume at support levels enhances the chances of an upward correction and reduces the scenario of bearish exhaustion.
Main resistance: 153.99$ and 155.00$ on the daily chart, breaking it may push the price towards 160$ then 165$.
Vital support: between 146.27$ and 142.50$, represents an attractive re-entry zone after the current correction.
Price forecasts: Analysts expect the price to stabilize around 150$ before a potential upward strike, with short-term targets at 160$ and 166$.
Trading strategies
1. Identify entry points: Place limit buy orders at support 146.27$, ready to add a position if the rebound above 148$ is confirmed.
2. Risk management: Use a stop-loss below at 142$ to protect capital from a deeper retracement wave.
3. Monitor indicators: Watch the convergence of moving averages MA5 and MA10; their bullish crossover indicates strengthening positive momentum.
4. Trading volume: Increased trading volume at support levels enhances the chances of an upward correction and reduces the scenario of bearish exhaustion.