#op Based on the 30-minute chart for SOLUSDT the price is currently trading at 85.85 below the 44 period simple moving average SMA at 86.11 indicating bearish momentum.
The SMA is acting as dynamic resistance while key support levels are visible at 85.00 and 84.50. A short trade is suggested on a retest of the SMA with a stop above the recent resistance at 86.50 to allow for minor volatility. Trade Setup Entry 86.11 limit order at the SMA44 Stop Loss 86.55 above the 86.50 resistanceTake Profit 84.50 next major support level $SOL
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#op Based on the 30-minute chart for SOLUSDT the price is currently trading at 85.85 below the 44 period simple moving average SMA at 86.11 indicating bearish momentum.
The SMA is acting as dynamic resistance while key support levels are visible at 85.00 and 84.50. A short trade is suggested on a retest of the SMA with a stop above the recent resistance at 86.50 to allow for minor volatility.
Trade Setup
Entry 86.11 limit order at the SMA44 Stop Loss 86.55 above the 86.50 resistanceTake Profit 84.50 next major support level $SOL