$SOL Today's Pro Trading Plan: SOL/USDT - May 18, 2025
1. Primary Bias & Setup:
Neutral-to-bullish intraday range play, favoring longs near support. Price oscillates between 24h high/low ($170.14/$164.36), with MA(20) ($169.71) acting as dynamic resistance. Scalp reversals at key levels.
2. Entry Zone:
$168.50–$169.00 (confluence of prior support and 50% retracement of 24h range). Aggressive bids near $167.00 (liquidity pool).
3. Stop Loss Placement:
Below $166.80 (break of 24h swing low invalidation). Tighten to $168.00 after Target 1.
4. Risk/Reward Ratio:
1:2.5 ($1.50 risk, $3.75 reward).
5. Profit Targets:
• Target 1: $170.14 (24h high).
• Target 2: $171.50 (above-range extension).
• Target 3: $173.00 (liquidation cluster).
6. Market Sentiment:
Moderate volume (295.95M USDT) suggests cautious accumulation. MA(200) ($152.23) underscores bullish LT trend, but MA(20) resistance caps momentum.
7. Invalidation Plan & Contingency Setup:
If $166.80 breaks, short targeting $164.36 (24h low). SL above $168.50.
Execution: Fade extremes of range; confirm breaks with volume. Adjust bias if MA(20) reclaims.