My SOL Analysis:
1. Recent Price Action & Key Levels
Current Price: $134.68 USD
Immediate Support:
$133.50–133.60 zone (multiple rejections)
$130.00–131.00 zone (intraday low, prior resistance)
Immediate Resistance:
$135.00–136.00 (50 EMA & recent swing high)
$140.00–142.00 (next fib level/psychological)
Broader Support/Resistance:
$125–127 major support (bounced April 16)
$150.00 mid‑term resistance (April highs)
2. Trade Setup (Long)
Assuming continuation of the recent bounce off $130 support and break above the 50 EMA.
Entry:
Aggressive: on a clear close above $136.00
Conservative: pullback to $134.00–135.00 zone
Stop‑Loss (SL):
Primary SL: $129.00 (< $130 support)
Alternative tighter SL: $131.50 (just below the 50 EMA)
Take‑Profit (TP):
TP1: $140.00 (first resistance)
TP2: $145.00–148.00 (next cluster/resistance confluence)
Risk/Reward:
Entry $135 → SL $129 (4.4% risk) → TP1 $140 (3.7% reward; R:R ≈ 1:0.85)
Or target TP2 $145 (7.4% reward; R:R ≈ 1:1.7)
3. Position Sizing & Risk Management
Risk per Trade: 1–2% of trading capital.
Adjust size so that a move from entry to SL equals your risk tolerance.
Trail SL to breakeven once TP1 is hit, locking in a no‑loss position.
4. What to Watch
1. Volume confirmation on any break above $136–137.
2. RSI if it climbs > 60 with price acceleration.
3. Price action around the 50 EMA—failure to hold could invalidate the setup.
