Chart Analysis SOL USDT 30min Time frame


Current Price 8583 USDT Trend Price is trading above the 44period SMA 8525 indicating a bullish bias. Recent high at 8593 low at 8478Key
Levels Support 8525 SMA 8500 psychological 8478 recent low
Resistance 87.00 London session open 88.00 New York session open 89.00 9100
The market is currently in a consolidation phase after a bounce from 8478 The SMA is acting as dynamic support and price is attempting to challenge the 87.00 resistance. A pullback to the SMA would offer a favorable long entry with a tight stop.
Trading Recommendation Direction
LONG Entry Zone 8525 8530 near the SMA and psychological support
Stop Loss 8470 below recent low and 8400 support
Take Profit TP1 8700 first resistanceTP2 8800 at 85.25 SL at 8470 TP1 at 8700 Alternative Breakout Trade If price breaks above 85.93 with strong momentum consider a long entry with SL at 8520 and TP at 8700 8800
$SOL
SOL3,18%
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