$SOL
Technical Analysis Summary:
Current Price: $163.58 (+10.93% in 24h)
Trend: Strong uptrend with higher highs and higher lows.
Moving Averages:
MA(7) at $161.97 – price is trading above.
MA(25) at $155.88 – providing strong dynamic support.
MA(99) at $148.17 – long-term support level.
Volume: Spike in buying volume around the $150 area indicates accumulation and breakout strength.
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1. Entry Point(s):
Primary Entry: Around $161.00 - $162.50, ideally on a small dip or retest of the short-term moving average (MA 7).
Alternative Entry: Breakout above $164.60 (24h high) with strong volume confirmation.
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2. Stop-Loss Placement:
Conservative Stop-Loss: Below $156.00 (previous consolidation zone and near MA 25).
Aggressive Stop-Loss: Below $160.00 (below recent minor support and MA 7).
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3. Take-Profit Target(s):
TP1: $167.50 – minor psychological and Fibonacci extension resistance.
TP2: $172.00 – previous swing high and next resistance zone.
TP3 (Extended): $178.00 - $180.00 – if bullish momentum continues and market sentiment remains positive.
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Risk/Reward Example (Aggressive):
Entry: $162.00
SL: $159.50
TP1: $167.50
R:R = 5.5 : 2.5 = 2.2x