$SOL
Trade plan as a template, here’s an analysis and trade plan for $SOL:
✅ Entry Zone: Buy within $142.50 – $144.50, near the current price and support levels (EMA 9, 21, 50 are visible but exact values aren't clear; price is near a recent low).
⛔ Stop Loss: Set at $141.00 (below recent swing low and support).
🎯 Profit Targets:
Target 1: $147.00 📍 (Move stop to breakeven)
Target 2: $150.00 🎯
Target 3: $153.00 🚀
📊 Risk/Reward Ratio: 3:1+ ⚖ (Conservative exit at 2:1 if momentum weakens).
Key Observations:
Bearish Momentum: Price is down -1.16% (24h), with a recent high of $147.81 and a low of $142.50. The chart shows a downtrend with price below the EMAs.
Volume: 24h volume is $834.82M (SOL) and $3.046M (USDT), indicating decent liquidity but not strong enough to confirm a reversal yet.
Support/Resistance: Support is around $142.50 (recent low), with resistance near $147.81 (24h high). The order book shows balanced buying/selling pressure.
🔄 Strategy:
Trail stop above $145.00 after Target 1.
Watch for rejection at $147.81 (24h high) for early exit.
Trade wisely! 🚀💰
Note: Solana’s volatility can be high—scale in/out to manage risk and monitor broader market trends.