$SOL


‌ K-line analysis and a trade plan.
#TradfiTradingChallenge

1. Current Technical Snapshot

· Price: ~85.22
· Trend: Consolidating after a pullback from ~86.20
· RSI(1,1): Not shown numerically, but given recent chop, likely near neutral ~50
· SuperTrend(10,3): 86.19 (price is below SuperTrend → bearish bias)
· MACD:
· DIF: -0.07
· DEA: -0.22
· MACD: 0.14 (bullish cross but weak)
· Volume: Decreasing (718k vs MA5 2.32M) → low momentum
· Key Levels
· Resistance: 85.93–86.20
· Support: 84.73 / 83.51

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2. K-Line Pattern (1H)

· Multiple upper wicks near 85.93 → rejection of higher prices
· Lower lows and lower highs since the 86.20 peak
· Inside candles recently → indecision
· No clear reversal pattern yet (no hammer, engulfing, etc.)

→ Downtrend pause, but no bullish reversal confirmed.

3. Trade Plan

🔻 Short Setup (Preferred, given SuperTrend below price)

· Entry: 85.40–85.60 (on bounce)
· Stop loss: 86.30 (above SuperTrend & recent high)
· Targets:
· TP1: 84.75
· TP2: 83.60
· Risk/Reward: ~1:2

🔺 Long Setup (Only if reclaims SuperTrend)

· Entry: Above 86.30 with volume
· Stop loss: 85.50
· Targets: 87.20 / 88.00
· Confirmation needed: 1H close above 86.20 + MACD histogram rising

4. Additional Rules

· No trade if volume stays below MA5 (718k < 2.32M currently)
· Avoid shorting if RSI drops below 30
· Avoid longing if MACD DIF crosses below DEA again
SOL0.51%
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