Comprehensive Analysis of SOL/USDT: 1D, 4H, 1H Timeframes 
2024-12-06

1H Timeframe (Hourly Chart): 

	•	Current Movement: Local correction from the  $234-$236  resistance zone.
	•	Resistance:  $234-$236  (local).
	•	Support:  $226  (local) and  $220  (strong).
	•	Indicators:
	•	Red Sell signals warn of short-term selling pressure.
	•	RSI is nearing the neutral zone, signaling weakening sellers.
	•	Forecast:
	•	Upside: 50% chance of a short-term move higher if $236 is broken.
	•	Downside: 50% if $226 support doesn’t hold.

  

 4H Timeframe (4-Hour Chart): 

	•	Local Trend: The price is trading within a sideways range.
	•	Resistance:  $234-$236 , a key zone for sellers.
	•	Support:  $226-$228 , where buying interest is observed.
	•	Indicators:
	•	RSI is exiting the oversold zone, indicating potential accumulation.
	•	The recent Buy signal increases the chances of a short-term upward move.
	•	Forecast:
	•	Upside: 60% if $236 is breached, with potential to reach $240.
	•	Downside: 40% if $226 support fails.

  

 1D Timeframe (Daily Chart): 

	•	Global Trend: SOL maintains an uptrend but is currently in a correction phase.
	•	Key Levels:
	•	Strong Resistance:  $240-$250 .
	•	Support:  $220-$225 .
	•	Indicators: Buy signals and the green zone on the indicator confirm buyers’ interest, but momentum is slowing down.
	•	Forecast:
	•	Upside: 70% if the price consolidates above $235.
	•	Downside: 30% if $225 breaks, price could move toward $200.

✅ My Actions:

	1.	Long-Term (1D): Considering buys from $225 or above $235 upon confirmation.
	2.	Mid-Term (4H): Watching for a retest of $226 to consider entering a long position.
	3.	Short-Term (1H): Monitoring closely around $234 and $226 for decision-making.

💡 Tip: Always manage your risk and trade only confirmed signals!

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