Chart Watch: SOL/USDT 4H – Time to Position Smartly!
Current Price: $109.37
SOL just pulled back after touching resistance around $116 and is consolidating near the 25-MA. Momentum is cooling off with RSI at 42.86 and MACD showing slight bearish pressure.
Here's my ladder strategy:
Entry Zones:
1st Buy: $107.00 (Near 24h low and support zone)
2nd Buy: $103.50 (Stronger support and psychological level)
3rd Buy: $95.50 (Key swing low)
Take Profit (TP) Ladder:
TP1: $115.50 (MA confluence and resistance)
TP2: $121.00 (24h high)
TP3: $124.00 (Previous strong resistance)
Stop Loss (SL):
SL: $92.50 (Below recent low of $93.82, allowing some wick breathing room)
Sentiment: Neutral to Bullish. Watch how it reacts to the $107 zone. If it holds, we could see a bounce towards $115–$121 soon.
Risk Management: Position size wisely, especially in this ranging market. Capital preservation is key.
#spot trading
