$SOL 🟢 Long
Solana Hits Major Support: Potential Reversal Opportunity or a Continuation of the Strong Bearish Trend?
Trade Signal Analysis
The chart shows a strong downward trend (Bearish), but it is currently showing signs of a short-term bounce after hitting a low of 67.29. The RSI is very low (around 30), suggesting the asset is oversold.
Since the price is currently at 87.70 and trying to recover from a deep drop, a Long (Scalp) trade is possible for a technical rebound, but it is risky because the overall trend is still down.
Signal: LONG (Aggressive Scalp)
Entry Price: $87.00 - $88.00
Take Profit 1 (TP1): $95.50 (Near the 7-day Moving Average)
Take Profit 2 (TP2): $105.00 (Resistance zone)
Stop Loss (SL): $79.50 (Below recent consolidation)