🛠️ Updated Strategy for Spot Trading SOL

1. Technical Snapshot

Current price: ~$180

Immediate resistance: $182–184 (intraday highs) and broader resistance at ~$185–186

Support levels:

Near-term: ~$169 (1st support), ~$164 (2nd support), ~$160 (3rd support)

Stronger base: ~$158–155 zone

2. Entry Guidelines

Buying dips: Consider spots between $170–$175, especially if it retests and holds around $169–165.

Breakout entries: If SOL decisively breaks and closes above $186 (ideally on good volume), it could prime a move toward $200 .

3. Profit Targets

Near-term: $185–186 (resistance zone).

Next leg up: $200 psychological mark, followed by $212–220 based on Fibonacci and chart structure .

4. Risk Management

Stop-loss:

Below $169 (intraday support) if entering around current price.

Tighter entry (e.g., $180 buy): stop $175).

Position sizing: Start with a partial entry, then scale in on dips or confirmed breakouts.

5. Trading Style

Swing trades: Use support/resistance levels—buy the dip to $165–170, sell near 185–186.

Trend following: Cut losses quickly; let winners run if Broke above $186 with momentum .

6. Macro & Sentiment Context

Institutional accumulation is building: SOL included in hedge funds like Asymmetric; growing infrastructure like futures on CME .

Technical structure shows bullish signs—overcoming daily resistance around $166–$168 and moving average crossovers .

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✅ Summary

Scenario Action

Dip toward $170–175 Accumulate

Breakout above $186 with volume Enter breakout

Price near $185–186 Take profits

Price falls below $169 Cut losses