$SOL Idea (4H Chart)

▶️ Entry Zone: 126.823 - 134.831 (Current price to EMA(7))

🛑 Stop Loss: 119.000 (Recent low)

🎯 Take Profit 1: 148.888 (EMA(25))

🎯 Take Profit 2: 163.193 (EMA(99))

Analysis:

* Price is well below all EMAs (7, 25, 99), indicating a strong bearish trend.

* Recent price action shows a sharp decline followed by a potential bounce from the low.

* RSI(14) at 27.211 is deeply oversold, suggesting a possible rebound.

* MACD is negative and below the signal line, but the histogram bars are shortening, hinting at weakening bearish momentum.

* 24h price change of -12.13% indicates significant selling pressure.

The current setup suggests an oversold condition after a sharp decline. While the overall trend remains bearish, there's potential for a short-term bounce or relief rally from these oversold levels.

Caution:

* The broader trend is strongly bearish, so this is a counter-trend trade.

* Use tight stop-loss orders to manage risk in this volatile market.

* Consider smaller position sizes due to the high-risk nature of this trade.

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