*SOL Trading Strategy – April 25, 2025*
🔍 *Market Overview*
- *Current Price*:151.03
- *RSI*: 76.3 (indicating overbought conditions)
- *ADX*: 100 (strong trend, but could be anomalous)
- *Trend*: Consolidating within an ascending channel, preparing for a potential breakout
📉 *Key Levels*
- *Support*: 148–150 (ideal buying range); if price drops below145.7, trend weakness may develop
- *Resistance*: 155.5–157.8; breakout above these levels could target162–165
🐂 *Bullish Strategy*
- *Entry*: 150.5–152 (initial accumulation), add more positions above155.3 if breakout occurs
- *Targets*: TP1 158 / TP2162.7
- *Stop Loss*: 148.4
- *Reason*: Price is facing resistance but has potential for a continuation with increased volume
🐻 *Bearish Strategy*
- *Entry*:156.5–157.2 (on rejection from resistance)
- *Targets*: TP1 152 / TP2149.3
- *Stop Loss*: 158.8
- *Reason*: With overbought conditions and high volume, a rejection could lead to a sharp pullback
📌 *Execution Tips*
- *Leverage*: Max 5x
- Wait for confirmation signals before acting
- Consider exiting early if RSI drops below 70
📈 *Market Outlook*
- A bullish breakout could push the price up to165
- A breakdown below support may test the $143–145 range
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