Trade Plan for SOL/USDT
Direction: Cautious Long (Short-Term Rebound)
Entry: Around $176.10 (current price) once price holds above the 25-day EMA.
Take Profit (TP):
TP1: $178.00 (intermediate resistance)
TP2: $180.26 (24h high)
Stop Loss (SL):
SL1: $173.36 (99-day EMA support)
SL2: $168.72 (24h low)
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Rationale
1. Oversold Bounce
Stochastic RSI (14.08) & Williams %R (–75.09) signal oversold conditions → higher chance of a rebound.
RSI(6) at 43.96 is neutral-to-bullish.
2. EMA Support
Price resting on 25-day EMA ($176.10)—a key support zone.
99-day EMA ($173.36) offers deeper support if the move falters.
3. MACD Pivot
MACD histogram still negative, but the gap between DIF (0.42) and DEA (0.76) is narrowing → watch for a bullish crossover.
4. Liquidity
Heavy 24h volume (~$703.5 M USDT) ensures tight spreads and execution.
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Execution Notes
Entry Confirmation: Wait for a bullish close above the 25-day EMA (~$176.10).
Risk Management: Move SL to breakeven once price approaches $178.00.
Watch For:
MACD crossover (DIF > DEA)
RSI(6) breaking above 50
> If SOL dips below $173.36, consider cutting losses or flipping to a short toward $168.72.
