SOLUSDT.P: Deep Dive into Today's Trends and Strategies by Lina Engword ⚡📉📈
Hello fellow traders! I'm back with an in-depth analysis of SOLUSDT.P, focusing on today's trends and trading strategies.
Data as of: April 5, 2025, 5:03 PM (Bangkok Time)
Current Price: 121.89
Previous Weekly High (PWH): 147.48
Previous Weekly Low (PWL): 122.55
Recent Market Overview: ⚡
SOLUSDT.P is currently moving within an interesting range. We are observing attempts to establish support above the PWL level. However, selling pressure persists, causing short-term volatility. Analyzing trends across different timeframes will help us plan our trades more effectively.
Technical Trend Analysis:
- Short-term Timeframe (15m, 1H): On the 15m TF, we've noticed a CHoCH Bullish formation, indicating a potential short-term reversal upwards. However, on the 1H TF, the price remains below the EMA 50 and EMA 200, suggesting an overall short-term bearish trend.
- Mid-term Timeframe (4H): On the 4H TF, the price continues to trade below the EMA 50 and EMA 200, with no clear signs of an upward reversal. The overall momentum remains bearish.
- Long-term Timeframe (Day): On the Daily TF, the price is still below the EMA 50 and EMA 200, and it's close to the PWL, a significant support level. If the price can hold above PWL, there might be a chance for an upward correction. However, failure to hold could lead to further downward movement.
Comparison of Indicator Trends:
- Aligned Trends (Predominantly Bearish in Mid and Long Term): The price targets in the mid and long term have a higher probability of moving downwards to test lower support levels.
- Divergent Trends (Short-term Bullish Signals vs. Mid and Long-term Bearish): The short-term upward movement might be just a retracement before further decline, or it could be a reversal point if strong buying pressure enters the market.
- Reasoning: The prevailing mid and long-term bearish trends suggest that shorting opportunities are generally more advantageous. However, the short-term bullish signal might present scalping opportunities for quick profits, but strict risk management is crucial.
- Trend Summary:
- Short-term: Sideways Up (Probability 55%)
- Mid-term: Bearish (Probability 70%)
- Long-term: Bearish (Probability 75%)
- Today: Likely to fluctuate sideways with short-term buying pressure attempting to push the price up, but still under pressure from mid and long-term bearish trends (Sideways Probability 60%).
Daily Trade Setup Examples:
Example 1 (Safety-Focused, Waiting for Confirmation):
- Enter: Wait for a clear breakout above the EMA 50 on the 1H TF, accompanied by a BoS Bullish and increasing Money Flow.
- TP: Consider the first resistance level around 123.50 - 124.00 (resistance on the 1H TF).
- SL: Slightly below the previous Low on the 1H TF from which the breakout occurred.
- RRR: Approximately 1:2
- Rationale: We will wait for a clear confirmation of an upward reversal on the 1H TF before entering a Long position to reduce the risk of being caught in a downtrend trap. A breakout of the EMA 50 with a BoS and increasing Money Flow would be an initial sign of potential renewed buying interest.
Example 2 (Aggressive Setup for Risk-Tolerant Traders):
- Enter: Go Long immediately upon a breakout above the previous High on the 15m TF with increasing Volume and a CHoCH Bullish.
- TP: First target around 122.55 (PWL which might act as resistance), and the next target around 123.00.
- SL: Slightly below the previous Low on the 15m TF from which the breakout occurred.
- RRR: Approximately 1:1.5
- Rationale: For this setup, we will enter a trade upon seeing short-term buying momentum that breaks through a minor resistance. The profit target is short-term, and a clear Stop Loss is set to limit risk.
Example 3 (Considering a Short Position at a Key Resistance):
- Enter: If the price moves up towards the 123.50 - 124.00 area (resistance on the 1H TF) and forms a clear Bearish OB or Bearish Price Action on the 15m or 1H TF, accompanied by decreasing Money Flow.
- TP: Consider the first support level around 121.00 and the next target around 120.00.
- SL: Slightly above the High of the Bearish Price Action signal or above the Bearish OB.
- RRR: Approximately 1:2
- Rationale: If the price fails to break through the key resistance and bearish signals appear, we will consider entering a Short position with profit targets at the next support levels, aligning with the mid and long-term bearish trends.
Disclaimer: This analysis is solely my personal opinion and should not be considered investment advice. Investors should conduct their own thorough research and make decisions with caution.
Wishing you all the best in your trading today! See you in the next analysis!
Lina Engword
