🔥 SOL/USDT SPOT TRADE SETUP - Momentum Building! 🚀
$SOL breaking out with volume after consolidation. As long as it holds above $135, uptrend remains intact. Today's market pump providing momentum.
Current Price: $137.80
$SOL showing strong bullish momentum after breaking above key resistance!
Price surged from $128.44 low to $138.00 high in 24h. Technical indicators aligning for continuation.
📊 TECHNICAL ANALYSIS:
✅ Trading above all major EMAs (20/50/200)
✅ EMA(20): $133.13 acting as dynamic support
✅ Strong volume spike - buyers stepping in
✅ RSI(14): 71.52 - Overbought but strong trend
✅ MACD bullish crossover with rising histogram
✅ Higher lows pattern confirmed
🎯 SPOT TRADE PLAN:
Entry Zone: $136.50 - $138.50 (current levels)
Target 1: $142.00 (3% gain) 🎯
Target 2: $148.00 (7.5% gain) 🎯
Target 3: $155.00 (12.5% gain) 🚀
Stop Loss: $132.00 (below EMA50 & recent support)
Risk: 4.2% | Reward: Up to 12.5%
⚠️ Risk Management:
Allocate only 5-10% of portfolio
Scale out at each target (sell 33% each)
Move SL to breakeven after Target 1
Watch $140 resistance level closely
🔑 Key Levels to Watch:
Support: $135.10 (EMA200), $131.67 (EMA50)
Resistance: $140, $145, $150
Note: Monitor the trade closely. If price fails to hold $135 or breaks below EMA(50), consider exiting to protect capital. The RSI is quite high, so be prepared for potential pullbacks.
Not financial advice. DYOR.