$SOL $SOL Swing Trade Analysis (Professional Breakdown) May 5, 2025

1. Market Structure & Trend:

• 1D: Ranging between $142.50 (support) and $147.81 (resistance). Neutral trend with slight bullish bias after recent bounce.

• 4H: Short-term uptrend from $142.50, but facing resistance near $147.81.

• 1H: Bullish momentum, but overbought RSI suggests potential pullback.

2. Key Levels:

• Support: $142.50 (24h low), $140.00 (psychological level).

• Resistance: $147.81 (24h high), $150.00 (round number).

3. Chart Patterns:

• Bull Flag Potential: Consolidation after a sharp rise; breakout above $147.81 could target $153–$155.

4. Indicators:

• RSI: ~60 (1H), nearing overbought; watch for divergence.

• MACD: Bullish crossover on 4H but losing momentum.

• Volume: Declining during consolidation; breakout needs volume confirmation.

• MAs: MA(20) at $146.07 (support), MA(200) at $147.96 (resistance).

5. Trade Plan:

• Entry: $144–$145 (pullback to MA20) or breakout above $147.81 with volume.

• Stop-Loss: Below $142.50 (daily support).

• Take-Profit: $150 (initial), $153–$155 (extended).

6. Risk Management:

• Risk/Reward: 1:2+ (e.g., $3 risk vs. $6+ reward).

• Position Size: 1–2% capital per trade.

7. Reversal Signals:

• Bearish divergence on RSI or close below $142.50 invalidates setup.

Conclusion: Favor longs near support with tight risk control. Breakout above $147.81 confirms continuation.

Note: Crypto trades require monitoring; adjust for volatility. Not financial advice.