$SOL Crypto Market Technical Analysis (4H Timeframe)
Market Overview
The broader crypto market is currently in a post-correction consolidation phase.
Solana (SOL) remains under bearish pressure but is forming a base around 80.
#SOL = Weak / Bearish structure
#Solana (SOL/USDT) Analysis ā 4H
š Technical Structure
Current Price: 80.13
Supertrend Resistance: ~85.50
Major Support: 67.29
Trend: Lower highs + lower lows
MACD: Weak bullish divergence but below zero line
$SOL remains under bearish structure. Price is compressing below Supertrend resistance.
š Trade Plan ā SOL
š“ Scenario 1: Short (Trend Continuation)
Entry: 84ā86 rejection zone
Stop Loss: 89
Take Profit Targets:
TP1: 76
TP2: 72
TP3: 67
šµ Scenario 2: Long (Trend Reversal Confirmation)
Entry: 4H close above 86
Stop Loss: 82
Take Profit Targets:
TP1: 92
TP2: 102
TP3: 115
Currently, short setups carry higher probability until breakout occurs.
Risk Management Strategy (Professional Approach)
ā Risk only 1ā2% per trade
ā Always wait for 4H candle confirmation
ā Use partial profit booking (scale out at TP1 & TP2)
ā Move Stop Loss to Break-Even after TP1
ā Avoid over-leveraging during consolidation
Market Correlation Insight
If breaks 70.6K strongly ā SOL & altcoins likely follow upward.
If BTC rejects again ā Expect renewed altcoin weakness.
Final Conclusion
SOL: Bearish until 86 breaks
Smart traders wait for confirmation ā impulsive traders chase candles.
