$SOL
Looking at your SOLUSDT 15-minute chart, here’s a quick structured trade plan:
1. Market Context
Trend: Short-term recovery after a dip to $178.79. Price is now at $182.46, testing recent highs.
Moving Averages:
MA(7) = $181.70 → crossed above MA(25) = $180.79, short-term bullish.
MA(99) = $179.55 → acting as longer-term support.
RSI (6) = 76.87 → overbought territory, suggesting a potential short-term pullback.
MACD: Recently turned positive, bullish momentum building.
2. Trade Scenarios
Bullish (Long) Scenario
Entry idea: Wait for a small pullback near $181.5–$182 (to avoid chasing at RSI 76+).
Target 1: $183.20 (recent high).
Target 2: $185.00 (next resistance if breakout occurs).
Stop loss: Below $180.50 (just under MA(25) and local support).
Bearish (Short) Scenario
Entry idea: If price fails to break $183.20 and shows rejection candles, consider short near $183.
Target 1: $181.00.
Target 2: $179.50 (near MA(99)).
Stop loss: Above $184.00.
3. Risk Management
Risk per trade: 1–2% of account.
Use position sizing to match stop distance.
Avoid entering both long and short at the same time.
📌 My take right now: Momentum is bullish but short-term overbought — safest play is to wait for either a pullback to support or a confirmed breakout above $183.20 with volume.