$SOL Today's Pro Trading Plan for $SOL/USDT - May 8, 2025
• Entry Zone:
• Long Setup 1: Retest of MA(20) confluence with demand zone at 146.50–146.87 (alignment with 24h swing low).
• Long Setup 2: Breakout above 151.97 (24h high) with volume confirmation.
• Stop Loss:
• 144.50 (below 24h low and demand zone, invalidates structure).
• Risk/Reward Ratio: 1:3 (optimized for intraday-to-swing bias).
• Profit Targets:
• Target 1: 151.50–152.00 (liquidity above 24h high, conservative exit).
• Target 2: 160.00 (mid-term resistance from prior structure, trailing stop advised).
• Target 3: 175.00–180.92 (aggressive extension into MA(200) supply zone).
• Strategy:
• Anticipate bullish continuation following retest of MA(20)/demand zone or breakout above 151.97. Volume surge (420M USDT) supports bullish momentum. MA(20) acts as dynamic support; confluence with 24h low strengthens validity. Watch for FVG formation on breakout.
• Market Sentiment:
• Bullish intraday bias (3% rally, high volume) but longer-term bearish under MA(200). Retail accumulation likely near MA(20), though institutional resistance expected at MA(200).
• Invalidation Level / Caution:
• Close below 144.50 invalidates setup (demand breakdown). Monitor volume divergence on rallies—weakness signals trap. MA(200) at 180.92 remains supply; partial profits at Target 2 advised.
Execution: Prioritize MA(20) retest for optimal R/R. Adjust position size to 2% risk. Trail stops post-Target 1.