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Faris Iqbal
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$SOL
You're analyzing the SOL/USDT 4-hour chart on Binance, highlighting:
Key Observations
1. *Current Price*: $148.16
2. *24h Range*: $144.63 (low) - $153.40 (high)
3. *Moving Averages*:
- *MA(7)*: $149.48 (above current price, indicating short-term bearishness)
- *MA(25)*: $150.33 (also above, reinforcing bearish sentiment)
- *MA(99)*: $139.52 (below current price, suggesting longer-term bullishness)
4. *Volume*: High during the drop, indicating strong selling pressure
5. *Recent Candle*: Large red candle after hitting $153.40, showing strong rejection at the top
These indicators suggest a mix of short-term bearishness and longer-term bullishness.
Would you like to discuss potential trading strategies or market trends for SOL/USDT?
You're analyzing the SOL/USDT 4-hour chart on Binance, highlighting:
Key Observations
1. *Current Price*: $148.16
2. *24h Range*: $144.63 (low) - $153.40 (high)
3. *Moving Averages*:
- *MA(7)*: $149.48 (above current price, indicating short-term bearishness)
- *MA(25)*: $150.33 (also above, reinforcing bearish sentiment)
- *MA(99)*: $139.52 (below current price, suggesting longer-term bullishness)
4. *Volume*: High during the drop, indicating strong selling pressure
5. *Recent Candle*: Large red candle after hitting $153.40, showing strong rejection at the top
These indicators suggest a mix of short-term bearishness and longer-term bullishness.
Would you like to discuss potential trading strategies or market trends for SOL/USDT?
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