Solana Trading Strategy (April 19, 2025)
*Overview*
- Current Price: $139.62
- 24H Change: +5.02%
- Volatility: Moderate
- Sentiment: Cautiously Bullish
- Technical Bias: Mixed
*Intraday Strategy (4H Chart)*
1. *Key Pivot*: $136.00
2. *Resistance Levels*:
- $142.00
- $150.00
- $160.00
3. *Support Levels*:
- $135.00
- $129.00
- $118.00
4. *Trading Plan*:
- Long if 4H closes above $136.00 with volume confirmation
- Short if rejection at $136.00; target $129.00
- Tight stop-loss around key levels
*Scalping Strategy (1-15 Min Charts)*
1. *Buy Dips*: Near $135.00-$136.00 when RSI < 30
2. *Sell*: Near $140.00-$142.00 or on MACD reversal
3. *Entry Signals*: Use 5-min RSI and volume spikes
4. *Stop-Loss*: 0.2-0.3% below entry
*Long-Term Strategy*
1. *Dollar-Cost Averaging (DCA)*: In zone $125.00-$130.00
2. *Targets*:
- May Target: $150.00
- 2025 Bull Target: $200.00+
3. *Monitoring*:
- Golden Cross formation
- ETF news
- Diversify holdings and track funding rates on Binance Futures
*Summary*
1. *Day Traders*: Watch $136.00 pivot
2. *Scalpers*: Play the $135.00-$142.00 range
3. *Investors*: Accumulate cautiously; long-term outlook bullish$sol
$sol