Quick summary
$SOL shows pronounced upside momentum around 213–216 on the 1H chart. Momentum is strong, yet RSI indicates overbought conditions — prefer scaling in on a pullback or on a confirmed breakout with volume.
Technical
Current price ~ 213.7. MA7 ≈ 210.9, MA25 ≈ 207.2, MA99 ≈ 200.4 — short-term bias bullish.
RSI ≈ 80 — overbought; short retracements likely.
Immediate support: 209–210 (practical) ; deeper support ~201.
Resistances: 216.5 (near), then 218–222.
Volume & market structure
Recent bullish candles show increased volume — buying is active. Still, overbought readings mean confirmation (volume on breakout) is important before committing larger size.
Trading plan
Entry:
Plan A (lower risk): scale-in on pullback to 209 – 212.
Plan B (momentum): enter on decisive break above 216.5 with strong volume.
Stop-loss: 205 (below immediate support); consider 200 for a larger swing stop.
Take-profit:
TP1: 216.5 (partial take).
TP2: 224 (hold remainder if breakout confirms).
Management: move SL to breakeven after TP1; trail SL when new structure highs form.
Overall view
Bullish bias intact while price holds above ~209 and MA cluster. Look for pullback entries or volume-confirmed breakout. A drop below 205 invalidates the short-term bullish case and calls for re-evaluation.
