Market Overview: Trend: Solana is in a clear downtrend, with lower highs and lower lows forming a bearish structure. Key Levels: Resistance: ~$199 - $202 Support: ~$185 - $190 (weak) and ~$175 (stronger) Indicators: MACD: Bearish crossover, showing ongoing downside momentum. EMA: Solana is trading below the 50 EMA, confirming sellers are in control. Volume: Declining, indicating lack of aggressive buying interest. ? Scalping Strategy: ? 1. Range Scalping (Short-Term Play) Why? Price is attempting to stabilize near $185 - $190, but with weak buying pressure. How? Buy near $185, aiming for a small scalp to $195 - $199. Sell near $199 - $202, as resistance is strong. Stop-loss below $182, as further downside risk exists. ? 2. Breakout Scalping (If Volatility Kicks In) Trigger: A breakout above $202 or breakdown below $185. Execution: If SOL breaks $202, scalp long targeting $210 - $215. If SOL drops below $185, scalp short to $175 - $170. ? 3. EMA Scalping Why? SOL is consistently rejecting the 50 EMA, meaning shorting resistance is effective. Execution: Short near EMA (~$195 - $200) if price fails to reclaim it. Go long only if price reclaims EMA with strong volume. ? Mid-Term Trend Forecast (1-3 Weeks) Bias: Bearish → Neutral Why? Continued lower highs, signaling no recovery momentum yet. Breakdown from $210 - $200 resistance confirmed bearish dominance. If SOL fails to reclaim $200+, expect a retest of $175 - $170 before stabilizing. Only a strong move above $202 can trigger bullish recovery to $215 - $220. ? News & Market Context: No major bullish catalysts, meaning Solana lacks a strong recovery trigger. Liquidity grab scenario likely, where market makers push SOL below $185 before reversing. Watch for Bitcoin's impact, as SOL follows BTC’s overall market direction. ? Decision: Enter or Stay Out? ? Short-term: Range scalping is viable, but only with caution. ? Mid-term: Bearish unless SOL breaks and holds above $200+. ? Ideal Play: Look for shorts on resistance rejection and avoid longs unless $202 is reclaimed. ? Final Verdict: Solana is still in a bearish phase. If it fails to break $200, expect a deeper correction to $175 - $170. ?
RSI is in the buy zone. P/E and P/B are in a beautiful buy range too. Sell at the red line.
This is the price action of TESLA at its very best & exclusively for viewers on trading view. I have discussed in depth price action of TESLA and if you have any doubts feel free to leave a message or your comments below.
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