🎯 Plan Target
Take advantage of the current volatility of SOL to make buy and sell trades in the spot market, seeking short- and medium-term profits.
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📊 Current Market Analysis
Current price: $145.47
Key support: $142.19 (recent low)
Immediate resistance: $150
34-day EMA: $162
200-day SMA: $178.88
The price of SOL has fallen below the support of $150 due to massive selling by large investors, indicating short-term bearish pressure.
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🛠️ Spot Trading Strategy
1. Buy Entry
Conditions:
The price bounces off the support at $142.19.
The RSI is below 30, indicating oversold conditions.
The MACD shows a bullish crossover.
Action:
Buy SOL in the range of $142–$145.
2. Sell Targets
First target: $150
Second target: $162 (34-day EMA)
Third target: $178.88 (200-day SMA)
3. Stop-Loss
Level: $138
Justification: Limit losses in case of a drop below key support.
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📈 Risk Management
Position size: No more than 5% of total capital.
Risk/Reward ratio: Minimum 1:2.
Periodic review: Evaluate the market weekly and adjust the strategy as necessary.
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🧠 Final Tips
Stay informed: Follow news and market analysis to anticipate movements.
Discipline: Stick to your plan and avoid impulsive decisions.
Diversification: Do not put all your capital into a single trade.
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📝 Note
This spot trading plan is based on recent market data and technical analysis updated as of June 6, 2025. It does not constitute financial advice. Trade responsibly and at your own risk.
