📊 Detailed technical analysis
• Important resistance: The range of $152–$153.65. Breaking through this level may confirm a 'cup-and-handle' pattern on the weekly chart, opening up the possibility of rising to $180 in the medium term.
• Strong support: The range of $135–$138. If the price drops below this level, it may test the support level of $120.
• Technical indicators:
• RSI (14): Around 60, indicating a slight upward trend but not yet in the overbought zone.
• MACD: The MACD line crosses above the signal line, confirming the upward trend.
• EMA 20/50: Price is above both EMA lines, reinforcing the short-term upward trend.
📈 Futures trading strategy for the next 24 hours
1. Scalping strategy (time frame 5–15 minutes)
• Target: Small, quick profits from frequent trades.
• Indicators used: EMA 9 & 21, MACD, RSI, VWAP.
• Buy entry point: When EMA 9 crosses above EMA 21, RSI below 70, MACD crosses upward.
• Take profit point: 0.3%–0.6%.
• Stop loss: 0.2%–0.4%.
• Leverage: 5x–10x (manage risk carefully).
2. Intraday strategy (time frame 30 minutes – 1 hour)
• Buy order:
• Entry point: $145–$147.
• Take profit: TP1: $152; TP2: $158.
• Stop loss: $142.
• Leverage: 3x–5x.
• Sell order (if resistance holds):
• Entry point: $152–$153.
• Take profit: $147.
• Stop loss: $155.
🧠 Market sentiment and whale activity
• Solana is currently in the 'Hope' zone according to the NUPL indicator, indicating potential bullishness as it approaches the 'Optimism' zone.
• DEX trading volume on the Solana network has surged, indicating growing interest from investors.
⚠️ Important note
• The SOL market is experiencing high volatility; investors should be cautious with high leverage and set appropriate stop-loss levels to manage risk.
• Closely monitor announcements from exchanges regarding maintenance or changes related to SOL trading to avoid unwanted risks.