SOLUSDT (4H Chart) Technical Analysis
2025-02-09
Category: None

SOLUSDT (4H Chart) Technical Analysis

1. Market Trend & Structure
The overall trend is bearish, as price remains below EMA 50, 100, and 200.
A descending channel pattern is forming, with lower highs and lower lows.
The red cloud zone represents strong selling pressure.
Price has tested a key support zone (~175-183 USDT) and is showing signs of a potential reversal.

2. Key Support & Resistance Levels
Support Zones:

183.44 - 192.62 USDT (potential demand zone).
175.08 USDT (entry zone for long positions).
Resistance Zones:

218.48 USDT (short-term resistance, supply zone).
221.20 USDT (Fib 38.2% retracement).
235.45 USDT (Fib 50%, mid-term resistance).
243.77 USDT (major resistance, supply zone).
269.98 - 295.82 USDT (long-term upside targets if a bullish breakout occurs).

3. Indicators & Market Sentiment
✅ Stochastic RSI: Oversold, indicating a possible bounce.
✅ MACD Histogram: Negative but reducing, suggesting weakening bearish momentum.
✅ EMA Structure: EMA 50 acting as resistance; a break above it could lead to further upside.

4. Trading Plan
Bullish Scenario (Long Position Plan)
✅ Entry: 183 - 192 USDT (demand zone).
✅ Targets:

218.48 USDT (first TP).
221.20 - 235.45 USDT (key levels).
243.77 USDT (supply zone).
✅ Stop Loss: Below 175 USDT (to avoid further downside risk).
Bearish Scenario (Short Position Plan)
✅ Entry: If price reaches 218 - 221 USDT and gets rejected.
✅ Targets: 200 - 192 USDT (support zone).
✅ Stop Loss: Above 225 USDT to prevent getting stopped by a breakout.

5. Risk Management & Considerations
Win rate: 73%, with a WL ratio of 2.72, indicating good trade probability.
If price fails to hold 183 USDT, further downside to 175 USDT is likely.
A break above 221 USDT could indicate trend reversal toward bullish.

 Conclusion
 SOLUSDT is testing a key support zone (183-192 USDT), with a possible reversal setup.
If price breaks above 218-221 USDT, a bullish rally to 243-269 USDT is possible.
If rejected at resistance, another drop to 183-175 USDT could occur.

📌 Trading Tip: Wait for confirmation signals before entering trades and use strict stop-loss strategies. 🚀