$SOL /$USDT – Updated 1-Hour Chart Trade Plan

1. Market Overview

Current Price: $197.07

Recent Peak: $204.96

Key Supports:

$194.94 – 25-Period Moving Average (MA25)

$192.66 – Local horizontal support zone

$183.87 – 99-Period Moving Average (MA99)

Key Resistances:

$200.23 – 7-Period Moving Average (MA7)

$204.96 – Last swing high

Technical Indicators:

RSI (6): 42.58 – Neutral zone, price can move either direction.

MACD: Bearish crossover developing, suggesting a possible short-term correction.

Candlestick Action: Strong sell-off candle after testing $205, indicating profit-booking.

2. Potential Price Paths

Bullish Case – Recovery & Upside Continuation

Setup Trigger: Price holds above the $194–$195 support zone and reclaims MA7 ($200.23).

Buy Entry Zone: $200.5–$201 after a confirmed green candle close.

Profit Targets:

Target 1: $204.9

Target 2: $206.5–$208 if buying momentum extends.

Stop-Loss: $194

Bearish Case – Extended Pullback

Setup Trigger: Price drops below $194 and confirms a close under $192.5.

Short Entry Zone: $192.3–$193

Profit Targets:

Target 1: $188–$189

Target 2: $183.8 (MA99)

Stop-Loss: $197

3. Position Management

If Already in a Long Position:

Take partial profits (30–50%) near $200–$205.

Hold the remainder with a stop-loss at $194.

If Not in Position:

Avoid chasing price.

Wait for a confirmed breakout above $200 or breakdown below $192 for a fresh entry.

4. Risk Guidelines

Capital Exposure: Limit each trade’s risk to 2–3% of total portfolio value.

Reduce position size if volatility remains high.

Keep a close watch on Bitcoin’s price trend, as it may influence SOL’s next move.