$SOL
📊 Share Your Trading Operations: My Experience with SOL Coin
Recently, I executed a spot trade on SOL (Solana) and would like to share my trading operation based on the current market analysis and strategy I followed.
My goal was to achieve a 5-7% profit within a short holding period. I started by analyzing the market indicators. The RSI was in the range of 45-50, which suggested a neutral position — neither overbought nor oversold. The MACD lines were approaching a crossover, hinting at a potential bullish move. The price was also trading above the 50 EMA, indicating a short-term upward trend.
I entered the trade by buying 0.7 SOL at $141.20. My target was set at $148, and I placed a stop-loss at $138 to manage risk. Trading volume was stable at the time, although some rumors related to FTX were circulating, which could have triggered volatility, so I remained cautious.
I held the trade for around 5 hours. When the price reached $147.90, I decided to close the position and secure my profit. It was a smooth and calculated trade with a satisfying outcome.