Signal Alert 🚨

$SOL

Chart Overview:

• Current Price: $171.82 (+5.56%)

• 24h High/Low: 176.15 / 160.18

• Bollinger Bands:

• Upper Band: 164.12 (price is above = breakout)

• Middle Band (MA): 149.17

• Lower Band: 134.21

• MACD:

• DIF: 6.46

• DEA: 4.99

• Histogram: Positive (bullish momentum)

• RSI:

• RSI(6): 88.51 (Overbought)

• RSI(12): 77.59 (Overbought)

• RSI(24): 64.16 (Near Overbought)

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Futures Trading Strategy (Short-Term):

Opening a Long Position (Entry)

• Entry Point: Around $168–$171 (if price pulls back slightly and holds support above upper Bollinger Band)

• Reason: Strong bullish momentum, MACD cross confirmed, and price broke out of Bollinger Band.

Take Profit (Closing Long)

• Target 1: $176 (previous high)

• Target 2: $180–$185 (psychological resistance + Fibonacci extension zones)

• Trailing Stop: Once above $176, tighten stop to lock in profits.

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Opening a Short Position (Entry)

• Only if Reversal Confirmed:

• Watch for bearish candle near $176–$180

• MACD starts to flatten or RSI divergence appears

• Entry Point for Short: $175–$178

• Stop-Loss: $180.5 (above recent high)

Take Profit for Short:

• Target 1: $164 (retest upper Bollinger band)

• Target 2: $149 (middle band support)

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Risk Management Tips:

• Use leverage carefully – recommended max 3–5x for beginners.

• Set stop-loss at ~1.5–2% below entry (for long) or above entry (for short).

• Follow volume – rising volume confirms the move.