$SOL
Current Price: $134.13
24h High/Low: $136.20 / $130.55
Trend: Slight upward trend, but showing signs of consolidation
Moving Averages:
MA(7): $134.47 (above current price)
MA(25): $134.00 (very close to current price)
MA(99): $130.80 (well below, acting as strong support)
Buy Strategy:
1. Buy on Support + Confirmation:
Wait for price to bounce around $130.80–$131.50 (near MA99 support).
Look for a bullish candlestick or volume spike for confirmation.
2. MA Crossover:
If the MA(7) crosses above MA(25) again, it could signal a short-term bullish move.
You could buy just after the crossover if volume supports the move.
3. Breakout Strategy:
If SOL breaks above $136.20 (24h high) with strong volume, you can enter a breakout buy trade.
Sell Strategy:
1. Resistance Levels:
Look to sell near the recent high of $136.20–$137.00.
If the price struggles to break this level again, take profit partially or fully.
2. MA Breakdown:
If the price falls below MA(25) and MA(7), it may indicate short-term weakness.
Sell if the candles close below both averages with increasing red volume.
3. Volume Weakness:
If the price is rising but volume is dropping, consider selling or setting a tighter stop-loss.
Risk Management Tips:
Stop-Loss: Place it slightly below strong support (e.g., $130.00 or $128.50).
Take Profit Zones: $136.20, $138.00, $140.00 (depending on momentum).
Position Size: Don't invest more than 2-5% of your capital per trade.