$SOL Idea (4H Chart)

▶️ Entry Zone: 120.00 - 123.00

🛑 Stop Loss: 108.00 (Below recent low)

🎯 Take Profit 1: 145.12 (24h High)

🎯 Take Profit 2: 160.00 (Previous support turned resistance)

Analysis:

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

* Recent price action shows a sharp decline, with a potential oversold bounce.

* RSI(14) at 33.04 is approaching oversold territory, suggesting a potential short-term reversal.

* MACD is negative and below the signal line, showing strong bearish momentum.

* 24h loss of 14.37% with high volume (18.71M SOL) indicates intense selling pressure.

SOL/USDT has experienced a significant drop and is showing signs of oversold conditions. This could present an opportunity for a quick bounce trade. However, the overall trend remains heavily bearish, and any long position should be considered high-risk.

Caution:

* This is a high-risk trade idea based on potential oversold conditions.

* The overall trend is still strongly bearish, and price could continue to fall.

* Use very strict risk management if attempting this trade.

* Consider waiting for signs of reversal or support before entering.

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