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$SOL Trade Setup: Bullish Recovery – Target $150 or Rejection?
Solana (SOLUSDT) is staging a strong recovery, currently trading at 140.89 with a +2.00% daily gain. After bouncing from the 116.71 lows, the price has reclaimed short-term momentum, but a major "Boss Level" resistance lies directly overhead.
📊 Technical Breakdown (Daily)
Bullish Structure: The price has successfully crossed above both the EMA 7 (137.72) and EMA 25 (133.29). These lines have flipped from resistance to support, creating a "Golden Cross" buy zone for swing traders.
Major Obstacle: The purple line (EMA 99) at 148.94 is the primary resistance. This long-term trendline often acts as a ceiling during recovery phases. A breakout above this level confirms a full-blown bull run.
Momentum: The MACD is flashing a strong buy signal (DIF 2.46 > DEA 1.08), and the histogram is expanding, showing growing buyer confidence.
RSI Alert: The RSI (6) is at 71.14. It has just entered "overbought" territory. While this shows strength, it suggests the price might need to consolidate sideways or dip slightly before tackling the $149 barrier.
🎯 Actionable Trade Setups (Swing)
📈 Long Strategy (Trend Continuation)
Logic: The trend has shifted up. Buying the "dip" to the fast EMA support is the safest play to catch the move to the EMA 99.
Entry: 137.00 - 138.50 (Retest of EMA 7 support).
Targets: 148.50 (EMA 99 Resistance) and 155.00.
Stop Loss: Close below 130.00 (Loss of EMA 25 support).
📉 Short Strategy (Resistance Scalp)
Logic: The EMA 99 is a heavy resistance level. Expecting a rejection on the first attempt is a high-probability counter-trend trade.
Entry: Limit sell at 148.00 - 149.50.
Targets: 140.00 and 137.50.
Stop Loss: Daily close above 153.00.
⚠️ Disclaimer: Daily setups move slower than 4H/1H charts. Patience is required.
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