As of May 3, 2025, Solana (SOL) is trading around $148.87, with a slight intraday decline of about 1.27%. The market shows mixed signals, so here's a breakdown to help you decide your entry:
Technical Overview
Current Price: ~$148.87
Intraday Range: $147.29 – $151.64
Key Support Levels: $129, $123, $111
Key Resistance Levels: $147, $152
Trend Summary:
SOL recently broke above the $140 resistance and is consolidating.
The 50 EMA is providing support, indicating bullish momentum.
Long Position Setup (Bullish)bullish📈
Entry: If SOL sustains above $149
Targets:
Target 1: $153
Target 2: $156
Target 3: $161
Stop-Loss: Below $142
Short Position Setup (Bearish) 📉
Entry: If SOL breaks and stays below $147
Targets:
Target 1: $144.80
Target 2: $142.00
Stop-Loss: Above $150.20
Risk Management Tips
Use low leverage (e.g., max 5x) to reduce risk.
Position size based on your portfolio and risk tolerance.
Monitor price action and volume closely after entry.
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