Solana (SOL) is trading near $126 after pulling back from $130. The trend remains bullish overall, but short-term consolidation is likely. Key support lies at $120, and resistance is at $135–140. The RSI is neutral, showing neither overbought nor oversold conditions, suggesting room for either a bounce or further consolidation.
Trade Setup:
Trend Entry (Buy): $122–124 (on bounce from support or consolidation)
Stop Loss: $118 (below key support zone)
Take Profit 1: $135 (initial resistance)
Take Profit 2: $140–145 (next breakout zone)
Alternate Entry (Breakout):
Buy above: $130 with confirmation
Stop Loss: $125
Take Profit: $140+
Always use risk management and avoid chasing trades in volatile markets. Would you like me to chart this setup for visual clarity?