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Tade G
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Who will be giving Christmas gifts this year? I'm prepared for that. I had hoped for a rise in
Solana
, but it seems that won't happen before Christmas.
#BinanceChristmasMagic
#BinanceChristmasChallenge
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Tade G
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$SOL Todays signal was excellent, still in high momentum.
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You're looking at a trading chart for SOL/USDT (Solana to Tether) on the 1-hour timeframe, and you want help planning a trade. Let's break this down step-by-step using technical indicators from your screenshot: 🔍 Key Technical Details: Current Price: $169.35 (+0.21%) Support Level (Recent Low): $163.91 Resistance Level (Recent High): ~$174.16 Moving Averages: MA(7): 167.97 (short-term, yellow) MA(25): 167.19 (mid-term, pink) MA(99): 171.58 (long-term, purple) RSI (6): 69.67 – close to overbought (>70) MACD: MACD Line: 0.50 Signal Line: -0.43 Histogram shows increasing bullish momentum Volume: Rising on green candles (bullish confirmation) 🧠 Interpretation: Short-Term Momentum: Strong bullish price action breaking above MA(7) and MA(25), which is a bullish signal. MACD Crossover: Bullish MACD crossover with positive momentum building. RSI: Near overbought territory – possible cooling or minor pullback soon. Price Location: Testing just below the MA(99), which may act as resistance. ✅ Trade Plan Options 📈 Option 1: Bullish Trade (Long Entry) Scenario: Expect continuation if SOL breaks and closes above $171.60 (MA 99). Entry: On breakout above $171.60 with strong volume. Target: $174.16 (recent high), then $176–178 zone. Stop Loss: Below $167.00 (under MA 25). ⚠️ Option 2: Wait for Pullback Scenario: Wait for the price to retest support near $167.00 or even $165.50. Entry: On bullish confirmation (e.g., hammer candle, RSI bounce). Target: $171.00–174.00. Stop Loss: Below $163.00. 📉 Option 3: Bearish Rejection (Short Setup) Scenario: If price fails to break MA(99) and RSI crosses down from 70. Entry: If price closes below $167.00 with bearish volume. Target: $165.00 then $163.91. Stop Loss: Above $171.60. 🧭 Tips for Risk Management: Risk no more than 1–2% of your trading capital. Use limit orders for better control. Watch how Bitcoin behaves — it often leads altcoins.
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$OG Where is this gonna stop, is it time to closemy possition, I bought long at 5.6 and now it is 5.40. Advise guys
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$ALPINE My sunday is screwed by alpine. it would have been an easy trade if I used my mind. What do you guys think shall I close and move on or waite?
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$SOL I think my obsession for Solana is affecting my profit. I just thought it was ready to fly wjen it crosses 173. But it immediately encountered strong resistance. This happened to me twice😭
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