$SOL Today's Pro Futures Trading Plan for SOL/USDT - May 9, 2025
• Trade Direction: Long
• Justification: Price is above both MA(20) and MA(200), indicating a bullish trend. The +7% price surge and higher highs/lows suggest momentum.
• Entry Zone: 168.50 - 169.50
• Confluence: Retest of the breakout above MA(20) (165.37) and near the current trading price.
• Stop-Loss: 165.00
• Invalidation: A drop below MA(20) would invalidate the bullish structure.
• Risk/Reward Ratio: 1:3
• Risk: 3.5 USDT | Reward: 10.5 USDT (Target 1).
• Profit Targets:
• Target 1: 172.00 (24h High pullback level)
• Target 2: 176.15 (24h High, key resistance)
• Target 3: 180.00 (Psychological level)
• Exit Strategy:
• Move stop to breakeven after Target 1. Trail stop with a 2% buffer beyond Target 2.
• Strategy Explanation:
• Trend alignment (higher highs), MA support, and bullish volume spike (1M+ vs. MA 759K) confirm strength.
• Volume Profile:
• Volume surge supports bullish momentum. Watch for sustained order flow above 168.00.
• Leverage Note: Moderate (5x-10x)
• Volatility is elevated; avoid over-leverage.
• Market Sentiment:
• Bullish on higher timeframes, but cautious near ATH (176.15). No major negative news.
• Invalidation Level: <165.00
• Break below MA(20) signals trend weakness.
• Alternative Scenario:
• If rejected at 176.15, consider shorting with SL above 177.00, targeting 172.00.
Risk Disclaimer: Always size positions responsibly. Trade liquid hours for optimal fills.