Quick summary
$SOL is in a clear uptrend on the 1H timeframe with price around 213–216. Strong momentum but RSI indicates overbought, so prioritize gradual buying when there is a slight correction or according to breakout with volume.
Technical analysis
Current price ~ 213.7; MA7 ≈ 210.9, MA25 ≈ 207.2, MA99 ≈ 200.4 — MA structure shows a favorable short-term trend.
RSI ≈ 80 — overbought level, a pullback reaction is likely.
Nearby support: 209–210 (protective zone), stronger support around 201.
Resistance: 216.5 (current swing high), the next resistance zone is around 218–222.
Volume & market structure
Volume has spiked in recent bullish candles — a sign of buying strength participating. However, RSI being overbought means to observe price reaction when testing 216.5; a breakout with confirmed volume is more reliable.
Trading strategy
Entry:
Option A (safe): gradually buy at 209 – 212 when the price corrects to this area.
Option B (increased risk/profit): enter when the price breaks 216.5 with large volume.
Stop-loss: 205 (below the short-term support zone); cautiously, 200 can be used for larger swing positions.
Take-profit:
TP1: 216.5 (close a small part).
TP2: 224 (close part if momentum remains strong and breakout confirmed).
Order management: if hitting TP1, move SL up to breakeven for the remaining part; if breakout above 216.5 with volume, maintain the position and adjust SL according to the new low.
Overall assessment
SOL is strong but overbought in the short term. The safe scenario is to wait for a pullback to 209–212 to gradually buy; the bullish scenario will be clear when it breaks 216.5 with large volume, aiming for the range of 218–224. If it loses 205, prioritize cutting to avoid expanding risks.
