Based on the 4-hour chart of $SOL /USDT
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📊 Technical Analysis (4H Chart)
Current Price: $156.22
Resistance Levels: $161.16 (short-term), $168.36 (local high)
Support Levels: $149.28 (SAR support), $142.52 (key horizontal support)
MACD: Bullish crossover – momentum is strengthening upward.
RSI (6): 73.22 – nearing overbought territory, but still has some room to run.
SAR: Dots are below the price – bullish trend confirmed.
Volume: Noticeable increase, supporting the upward move.
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💡 Intraday Trading Signal: SOL/USDT
📥 Entry Point(s):
✅ Buy zone: $154.50 – $156.00 (on slight pullbacks or current breakout continuation)
🛡️ Stop-Loss Placement:
🔻 Below SAR and key support: $148.00
🎯 Take-Profit Target(s):
🎯 TP1: $161.00 (first resistance)
🎯 TP2: $167.50 – $168.36 (swing high)
🪙 Aggressive TP (if momentum stays strong): $170.00+
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⚠️ Risk Note:
RSI is approaching overbought levels, so consider tightening stop-loss if price nears $161 without strong volume follow-through.
If price breaks below $149 with volume, the bullish thesis would be invalidated.