$SOL
Here’s a suggested trade setup based on the chart (15-minute timeframe for SOL/USDC on Binance):
Trade Setup: Long Position
Trend Bias: Bullish short-term recovery after consolidation
Timeframe: 15m (short-term intraday)
📍 Entry Zone:
180.50 – 181.50 USDC
(Price is currently around 181.72; wait for slight retracement toward support or breakout confirmation)
🛑 Stop Loss:
Below 179.50 USDC
(Just under the recent local low and below EMA cluster – minimizes risk if reversal happens)
🎯 Target Points:
TP1: 183.50 USDC
(Previous minor resistance zone from early August 10)
TP2: 186.00 – 186.20 USDC
(24h high & strong resistance zone – could take partial profits here)
Indicators Analysis:
EMAs (9, 21, 50) are crossing and curling upward – bullish momentum building.
MACD: Bullish crossover occurred – upward momentum visible.
Stoch RSI: Overbought (80.89/85.04) – may consolidate or pull back slightly before continuing.
Volume: Increased on breakout – good sign for trend continuation.
✅ Trade Notes:
Use tight position sizing if entering at the top of the range.
Watch for a pullback to 180.50 as a safer entry.
If price closes below 179.50 on the 15m candle, consider the setup invalid.
