$SOL $SOL /USDT Here’s a detailed Solana (SOL) trade setup based on current market structure and momentum indicators:
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Solana (SOL) Trade Setup – Updated
Current Price: ~$146.79
Trend: Consolidating with a bullish bias
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Key Technical Levels:
Immediate Resistance: $153–$155
Major Resistance: $175 (Fibonacci 0.382 level)
Immediate Support: $145
Strong Support Zone: $138–$140
200-Day SMA: ~$170 (acting as dynamic resistance)
50-Day SMA: ~$133.74 (acting as dynamic support)
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Trade Scenario 1: Breakout Trade
Setup: Buy on breakout above $155 with confirmation (volume spike + candle close)
Entry Zone: $155.50–$157
Take-Profit Targets:
TP1: $165
TP2: $175
TP3: $190
Stop-Loss: $150
Risk/Reward: 1:2.5 or higher
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Trade Scenario 2: Pullback Buy
Setup: Buy the dip into support with signs of bounce
Entry Zone: $145–$147
Take-Profit Targets:
TP1: $155
TP2: $165
Stop-Loss: Below $140
Risk/Reward: 1:2+
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Indicators:
RSI (4H): ~57 → Neutral-to-bullish
MACD: Near bullish crossover
Volume: Slightly increasing, needs confirmation on breakout
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Strategy Notes:
Wait for a 4H or daily candle close above $155 for breakout confirmation.
Use trailing stop-loss if TP1 hits to lock in profits.
Avoid overexposure; scale in gradually.
