Scalping & Mid-Term Analysis for Solana 2-11
Market Overview:
Trend: Solana is currently holding above the 200 EMA, signaling a potential support zone but struggling to maintain upside momentum.
Key Levels:
Resistance: ~$210 - $215
Support: ~$190 (EMA 200), ~$175 (stronger support)
Indicators:
MACD: Bearish crossover, indicating potential weakness.
RSI: At 42.7, showing no strong overbought/oversold signals.
Volume: Declining, suggesting market indecision.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? SOL is holding near the 200 EMA, making it a key liquidity zone.
How?
Buy near $190, targeting a bounce to $202 - $210.
Sell near $210 - $215, as resistance is strong.
Stop-loss below $188, as further downside could accelerate.
🩸 2. Breakout Scalping (If Trend Resumes)
Trigger: A breakout above $215 or breakdown below $190.
Execution:
If SOL breaks $215, scalp long targeting $225 - $230.
If SOL drops below $190, scalp short targeting $175 - $170.
🩸 3. EMA Scalping
Why? SOL is hovering around the 200 EMA, which is a critical pivot point.
Execution:
Short near EMA 9 (~$202 - $205) if price fails to reclaim it.
Go long only if price holds above $200 with strong volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Neutral → Bearish if $190 breaks
Why?
Failure to reclaim $210-215 resistance weakens bullish momentum.
Holding the 200 EMA ($190) is crucial for bulls. A breakdown opens the door to $175.
RSI is weak, showing no strong bullish confirmation yet.
If SOL breaks above $215, a run to $230-$240 is possible.
🔥 News & Market Context:
No major bullish catalysts, so Solana is dependent on Bitcoin's direction.
Whales may test liquidity below $190 before a stronger reversal.
Watch for increased volume as a confirmation trigger.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping is viable within the range, but caution is advised.
🩸 Mid-term: Bearish unless SOL breaks and holds above $215.
🩸 Ideal Play: Look for a bounce from $190 or short resistance near $210.
👑 Final Verdict:
$190 is the battleground. Bulls must defend or risk a drop to $175. If $215 breaks, upside potential opens. 🔥
Trend: Solana is currently holding above the 200 EMA, signaling a potential support zone but struggling to maintain upside momentum.
Key Levels:
Resistance: ~$210 - $215
Support: ~$190 (EMA 200), ~$175 (stronger support)
Indicators:
MACD: Bearish crossover, indicating potential weakness.
RSI: At 42.7, showing no strong overbought/oversold signals.
Volume: Declining, suggesting market indecision.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? SOL is holding near the 200 EMA, making it a key liquidity zone.
How?
Buy near $190, targeting a bounce to $202 - $210.
Sell near $210 - $215, as resistance is strong.
Stop-loss below $188, as further downside could accelerate.
🩸 2. Breakout Scalping (If Trend Resumes)
Trigger: A breakout above $215 or breakdown below $190.
Execution:
If SOL breaks $215, scalp long targeting $225 - $230.
If SOL drops below $190, scalp short targeting $175 - $170.
🩸 3. EMA Scalping
Why? SOL is hovering around the 200 EMA, which is a critical pivot point.
Execution:
Short near EMA 9 (~$202 - $205) if price fails to reclaim it.
Go long only if price holds above $200 with strong volume.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Neutral → Bearish if $190 breaks
Why?
Failure to reclaim $210-215 resistance weakens bullish momentum.
Holding the 200 EMA ($190) is crucial for bulls. A breakdown opens the door to $175.
RSI is weak, showing no strong bullish confirmation yet.
If SOL breaks above $215, a run to $230-$240 is possible.
🔥 News & Market Context:
No major bullish catalysts, so Solana is dependent on Bitcoin's direction.
Whales may test liquidity below $190 before a stronger reversal.
Watch for increased volume as a confirmation trigger.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping is viable within the range, but caution is advised.
🩸 Mid-term: Bearish unless SOL breaks and holds above $215.
🩸 Ideal Play: Look for a bounce from $190 or short resistance near $210.
👑 Final Verdict:
$190 is the battleground. Bulls must defend or risk a drop to $175. If $215 breaks, upside potential opens. 🔥
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.