“SOL/USDT Trading Signals – Bullish Momentum and Profit Targets” 🥨🛟
Trading Strategy👈💰$SOL
Buying Position (Entry):🪅🎋
Good entry zone: $228 – $230 (near EMA10 support).
If price holds above $228, it signals strength and continuation upward.
Selling Position (Take Profit):
First target: $235 (recent resistance).
Extended target: $240 – $245 if momentum continues.
Stop Loss (Risk Management):
Set below $225 (EMA30 support level).
Indicator Analysis🥇😍🫐
EMA (Exponential Moving Averages)
EMA(10): 228.80
EMA(30): 225.98
The price is trading above both EMAs, showing strong bullish momentum. Short-term (10 EMA) is above the long-term (30 EMA), which confirms an uptrend.
RSI (Relative Strength Index)
RSI(12): 69.50 (near overbought zone, 70)
RSI(50): 62.32 (healthy bullish trend)
RSI shows the market is close to being overbought, which means buyers are strong, but a pullback could happen soon.
Candlestick Pattern🧚🌠🌹
Recent candles show a strong bullish surge, reaching $234.98, then a slight correction.
Indicates possible short-term consolidation before the next move.