#SwingTradingStrategy
๐ Entry Criteria for Trading $SOL
๐ Long Position Setup
Consider entering a long trade on $SOL when these conditions are met:
โ Price is trading above $145
๐ 50-period MA crosses above the 200-period MA (bullish crossover)
๐ RSI (14) is below 40 โ indicates potential upward momentum
๐ Bollinger Bands are contracting โ suggests reduced volatility and a possible breakout
๐ Short Position Setup
Look to enter a short trade on $SOL if the following apply:
โ Price is trading below $140
๐ 50-period MA crosses below the 200-period MA (bearish crossover)
๐ RSI (14) is above 60 โ signals overbought conditions
๐ฅ Bollinger Bands are expanding โ implies increased volatility and a potential breakdown
โ ๏ธ Always confirm with additional analysis before entering a trade!