#TradeOfTheWeek: $SOL (Solana)

Entry: $142

Target: $165

Stop-Loss: $135

Timeframe: 3–7 days

Risk-Reward Ratio: ~1:3

Status: Active (watch for pullbacks for re-entry)

Why This Trade?

1. Technical Setup:

Pattern: Ascending triangle on the 4H and daily charts

Breakout: Price broke above resistance with strong volume confirmation

Indicators:

RSI holding above 50 (bullish momentum)

MACD shows continuation strength

2. Market Context:

SOL has shown strength during Bitcoin’s sideways movement, signaling bullish divergence among top alts.

Consolidation phase appears complete; new leg likely underway.

3. Fundamental Catalyst:

Institutional Staking News: Reports of major staking platforms expanding Solana support.

Ecosystem Growth: Surge in new dApps and NFT activity on Solana chain in recent weeks.

Layer 1 Rotation: Traders rotating back into strong Layer 1 chains like SOL, AVAX, and NEAR---

Trading Note:

A retest of the $140–$142 zone offers a low-risk re-entry opportunity if missed. Strong closes above $150 strengthen the bullish thesis.

$BTC $SOL #TradeOfTheWeak #SolanaStrong #AltcoinTrade #AltcoinSeasonComing #CryptoComeback