Sure! You have requested a 1-hour analysis of Solana (SOL) to understand how to make the next trade. Let’s do a step-by-step analysis in English:
🔍 1. Technical Analysis (1-hour chart)
✅ Key things to look for:
Trend: Going up or down?
Support and Resistance levels
Indicators like RSI, MACD, and Moving Averages
📉 If SOL is going down (Downtrend):
Sell / Short
Entry Point: When the price comes back down from resistance
Stop Loss: A little above the recent high
Take Profit: At the next support level
📈 If SOL is going up (Uptrend):
Buy / Long
Entry Point: When the price comes back up from support
Stop Loss: Keep below the support
Take Profit: At the next resistance level
🔁 With the help of Indicators:
✅ RSI:
If RSI is above 70 = overbought = SELL signal
If RSI is below 30 = oversold = BUY signal
✅ MACD:
If the MACD line crosses the Signal line from above = SELL
If the MACD line crosses from below = BUY
✍️ Example (Hypothetical):
Trend: Uptrend
Support: $145
Resistance: $155
If the price is at $146 and bouncing:
Buy Entry: $147
Stop Loss: $144
Take Profit: $154-$155
📌 Golden Rules for Trading:
Always keep a Stop Loss
Avoid excessive greed
Also check News and Market Sentiment.
