๐ SOL/USDT Analysis โ Weekly timeframe
๐ Chart overview:
Current price: $175.20
Weekly trend: Upward sideways movement above important moving averages
Moving averages:
MA 9 = 154.27 โ (price above it โ positive signal)
MA 25 = 174.46 โ (Recovered โ bullish signal)
MA 99 = 128.28 โ (Long-term overall trend is upward)
Momentum indicator (Chande Momentum): About 40.62 โ In a neutral zone leaning towards positive
Trading volume: Notable increase in recent weeks indicating accumulation
๐ฏ Trading plan (medium-term speculation)
๐ฅ Entry area:
Ideal entry: Between $170 โ $175
Retracements towards the 25 average or the 9 average are good buying opportunities
๐ Stop loss:
Strict stop: Below $153
Why? Because it is below the 9 average and represents a key support, breaking below it weakens the pattern
๐ฏ Targets:
Target 1: $195 โ Represents resistance of the last peak
Target 2: $215 โ Key peak from March 2024
Target 3: $240 โ If the upward trend continues in the medium term
โ๏ธ Risk to reward ratio:
Entry at $172 / Stop at $153 / First target $195 =
Risk: $19 | Return: Approximately $23 โ 1.2 R/R ratio
The second and third targets may achieve a 2x to 3x return
๐ Important technical notes:
โ Price above MA 9 and MA 25 โ Confirmation of positive momentum
โ ๏ธ Needs to break and hold above $183โ$187 to start price explosion
Trading volume indicates liquidity entry โ Clear accumulation phase
Weekly price structure shows ascending lows โ Signal for trend continuation
๐ง Strategy summary:
Trend: Cautiously upward
Trade type: Swing (medium-term โ 2 to 6 weeks)
Strategy:
Buying on retracements
Strict stop loss to protect capital
Gradual profit taking at resistance levels
