$SOL

Technical Analysis

Current Price: $208.20

24h Range: $202.20 – $211.99

Moving Averages (trend bias):

MA(7) ≈ $205.8 → short-term bullish (price above it).

MA(25) ≈ $205.8 → price just reclaimed above, positive.

MA(99) ≈ $193.5 → strong uptrend base support.

RSI (6): ~66 → momentum is bullish but not yet overbought (over 70 = caution).

MACD: Slightly bearish (MACD -0.45, signal line above), but histogram is flattening = potential reversal upwards.

Candlesticks: After a pullback from $212, SOL bounced above support near $202 and now pushing higher again.

🛠 Trade Plan

Since you’re on the 1h timeframe, this is more of an intraday swing:

Entry Zones

Aggressive entry: around $207–208 (current breakout attempt).

Safer entry: wait for a retest of $205 support and confirmation bounce.

Targets (Take Profit)

TP1: $212 (recent high, strong resistance).

TP2: $218–220 if momentum continues and breaks resistance.

Stop Loss

Conservative: $202 (today’s low).

Tighter stop: $204–205 if you want lower risk.

Risk–Reward

Entry ~$208, SL ~$204 → risk ~$4.

TP1 at $212 → reward ~$4 (1:1).

TP2 at $218 → reward ~$10 (≈1:2.5).

📌 Strategy

If you want short-term scalp: aim for $211–212.

If you want a swing trade: hold partial position above $212 breakout for $218+.

Watch RSI → if it pushes above 70 near resistance, expect profit-taking.