SOL/USDT Perpetual (30-Min Chart) – OKX Analysis
SOL/USDT Perpetual (30-Min Chart) – OKX Analysis
Market Overview
SOL/USDT is currently trading at $187.19, showing a bearish bias (70%), indicating a potential continuation downward.
Price is consistently making lower highs and lower lows, confirming a strong downtrend.
A key supply zone is at ~$195.67, acting as strong resistance.
The market is oversold (OS indicator triggered), suggesting a potential short-term bounce.
Key Technical Levels
Supply Zone (Resistance): $195.67 - $205.38
Immediate Support: $186.06 (Entry Level)
Major Demand Zones (Support Levels):
$186.06 (Potential Buy Zone, TP1 Level)
$181.50 (Stop-Loss Area, Break of Structure Invalidates Reversal)
Trade Setup & Strategy
📌 Bearish Continuation Setup (Trend Following)
Entry: Below $188.80 (Break of minor support, confirmation of downtrend)
Targets (TPs):
$186.06 (TP1 - First Target, Fib 0.382 Retracement)
$181.50 (TP2 - Stronger Support Zone, Break Below Confirms Sell-off)
$179.70 (Full Bearish Move, TP3 - Next Demand Zone)
Stop-Loss: Above $195.67 (Break of supply zone invalidates bearish setup)
📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)
Entry: $186.06 (Demand Zone Buy Entry, OS Signal Confirmation)
Targets (TPs):
$188.80 (First Target, TP1 - Minor Bounce)
$193.94 (Second Target, TP2 - Fib 0.382 Retracement)
$195.67 (Major Resistance, TP3 - Break Above Confirms Reversal)
$198.00+ (Full Recovery, TP4 - Fib 0.618 Retracement)
Stop-Loss: Below $181.50 (Break of demand zone invalidates bullish setup)
Conclusion
Market remains bearish, targeting lower support zones around $186 - $181.50.
If price holds $186.06 demand zone, a reversal could push towards $195+.
A breakout above $195.67 would shift bias to bullish.
Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀
Market Overview
SOL/USDT is currently trading at $187.19, showing a bearish bias (70%), indicating a potential continuation downward.
Price is consistently making lower highs and lower lows, confirming a strong downtrend.
A key supply zone is at ~$195.67, acting as strong resistance.
The market is oversold (OS indicator triggered), suggesting a potential short-term bounce.
Key Technical Levels
Supply Zone (Resistance): $195.67 - $205.38
Immediate Support: $186.06 (Entry Level)
Major Demand Zones (Support Levels):
$186.06 (Potential Buy Zone, TP1 Level)
$181.50 (Stop-Loss Area, Break of Structure Invalidates Reversal)
Trade Setup & Strategy
📌 Bearish Continuation Setup (Trend Following)
Entry: Below $188.80 (Break of minor support, confirmation of downtrend)
Targets (TPs):
$186.06 (TP1 - First Target, Fib 0.382 Retracement)
$181.50 (TP2 - Stronger Support Zone, Break Below Confirms Sell-off)
$179.70 (Full Bearish Move, TP3 - Next Demand Zone)
Stop-Loss: Above $195.67 (Break of supply zone invalidates bearish setup)
📌 Bullish Reversal Setup (Counter-Trend Play, High-Risk)
Entry: $186.06 (Demand Zone Buy Entry, OS Signal Confirmation)
Targets (TPs):
$188.80 (First Target, TP1 - Minor Bounce)
$193.94 (Second Target, TP2 - Fib 0.382 Retracement)
$195.67 (Major Resistance, TP3 - Break Above Confirms Reversal)
$198.00+ (Full Recovery, TP4 - Fib 0.618 Retracement)
Stop-Loss: Below $181.50 (Break of demand zone invalidates bullish setup)
Conclusion
Market remains bearish, targeting lower support zones around $186 - $181.50.
If price holds $186.06 demand zone, a reversal could push towards $195+.
A breakout above $195.67 would shift bias to bullish.
Would you like lower timeframe confirmation (5m or 15m) for refined entry points? 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.