#SwingTradingStrategy SOL Trading Entry Rules (120 Words)
Here are the key conditions for entering a Long or Short position on $SOL:
1. Long Entry:
Price must break above $145
50-period MA should cross above the 200-period MA
RSI (14) should be below 40, indicating oversold conditions
Bollinger Bands must show contraction, signaling reduced volatility and a potential breakout
2. Short Entry:
Price must fall below $140
50-period MA should cross below the 200-period MA
RSI (14) should be above 60, suggesting overbought conditions
Bollinger Bands should be expanding, indicating increasing volatility and a potential breakdown