Solana (SOL) on April 28, 2025, here is a trading plan that takes into account technical indicators, market trends, and key support/resistance levels:
Current situation SOL/USDT
- Price: ~$148.77–$149.30
- 24-hour range: $144.66–$150.31
- Trend: Short-term growth (+1.44% for the day, +6.71% for the week).
- Market sentiment: Neutral/moderately bullish (oscillators and moving averages indicate "Buy" over the monthly period).
Key levels
- Support:
- $145.12 (minimum in 24 hours).
- $134.80 (weekly minimum).
- Resistance:
- $150.04–$150.31 (current maximum in 24 hours).
- $155.18 (weekly maximum).
- Historical extremes:
- ATH: $293.31 (January 2025), ATL: $0.50 (May 2020).
Trading scenarios
1. Bullish scenario (breakout of resistance)
- Trigger: Closing price above $150.31 with increased volume.
- Targets:
- $155.18 (nearest level).
- $160.00 (psychological level).
- Stop-loss: Below $145.00.
- Justification: Strengthening trend after a 6% increase over the week and positive long-term signals.
2. Bearish scenario (bounce from resistance)
- Trigger: Pullback from $150.04 with low volume.
- Targets:
- $145.12 (support).
- $140.00 (next level).
- Stop-loss: Above $151.00.
- Justification: Correction after local growth and neutral oscillators on the daily chart.
3. Consolidation in the range
- Range: $145–$150.
- Strategy: Scalping at the range boundaries with tight stop-losses.
Risks and capital management
- Volatility: 3.44% in 24 hours — consider this when sizing your position.
- News: Monitor updates on the Solana ecosystem (e.g., launch of new dApps or network issues).
- Staking: If you hold SOL long-term, consider staking with an APR of ~5%.
Conclusion: Today's plan focuses on trading in the range of $145–$150 with a breakout or bounce. Stick to stop-losses and adjust the plan when key news comes out. For long-term investors, the current levels may be attractive, considering a 15% increase over the month.
You bear all financial risks and decisions, always conduct your own analysis.