🔥 Market Overview: Trend: Solana is in an uptrend, trading above the 200 EMA and showing strong bullish momentum. Key Levels: Resistance: $176.50 – Next key level to break for further upside. Support: $173.90 – 200 EMA acting as a solid floor. Indicators: EMA 200: Price is well above, confirming an uptrend. MACD: Bullish crossover, indicating further upside potential. RSI: 63 – Slightly overbought, but still has room for growth. 🔥 Scalping Strategy: 🩸 1. Momentum Scalping
Long entries near: 200 EMA ($173.90). Exit at: $176 resistance. 🩸 3. Breakout Scalping
If Solana breaks $176.50, go long toward $180.00. 🔥 Mid-Term Trend Forecast (1-3 Weeks): If Solana holds above $173.90, expect a move toward $180+. A drop below $173.50 could lead to a retrace toward $170. 🔥 News & Market Context: No major bearish catalysts—Solana continues to gain institutional interest. Bitcoin’s trend will play a role in Solana’s next move. Strong volume suggests continued bullish pressure. 🔥 Decision: 🩸 Short-term: Favor scalping longs while above $173.90. 🩸 Mid-term: Needs a breakout above $176.50 for more upside. 🩸 Ideal Play: Buy dips, aim for $180.00.
👑 Final Verdict: Solana remains bullish above $173.90. The trend is strong, and scalping longs are favored. Break $176.50, and the next stop is $180+.
🔥 "Dominate the trend, or be crushed by it. Strength is in movement, hesitation is defeat." 👑
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.