📌SOL/USDT:
This chart shows a 1-hour timeframe where SOL is currently trading at 87.84.
📍Bollinger Bands (BOLL): The price is pulling back after a rejection at the Upper Band (91.79). It is currently testing the Middle Band (MB: 86.97) for support. If it fails to hold this level, a slide toward the Lower Band (82.16) is likely.
📍RSI (6): At 47.61, the RSI is in neutral territory. It has sharply declined from an overbought peak near 90, suggesting that the immediate local top is in and the asset is cooling off.
📍MACD: The MACD shows a bearish crossover with the signal line (DEA: 2.11) above the DIF (1.82). The histogram has turned red, indicating increasing downward momentum in the short term.
📍Support/Resistance:
-Resistance: 92.10 (Recent 24h High) and 95.13 (Major Fibonacci level).
-Support: 85.60 (Immediate) and the critical floor at 80.98 (Recent 24h Low).
📍Recommendation
🟢For Buyers (Entry Strategy)
-Conservative: Wait for a retest of the $81 – $83 range. This aligns with the lower Bollinger Band and recent daily lows.
-Aggressive (Breakout): Buy if the price confirms a candle close above $92.10 with rising volume. This would target the psychological $100 level.
🔴For Sellers (Exit Strategy)
-Short-Term Profit: Sell a portion near $91.50 – $92.00 as it approaches the upper band and recent high.
-Mid-Term Play: If holding through the "Pacific Backbone" infrastructure build-out in late February, look for exits near $110 – $115.
