🚨 Solana $SOL Day Trading Strategy – April 30, 2025

🔹 Current Price: ~$147.19

🔹 24H Range: $145.22 – $150.08

🔹 Market Sentiment: Neutral with a slight bullish bias

🔹 Technical Indicators:

Support Levels: $145, $137

Resistance Levels: $152, $160

Moving Averages: Trading above 50-day and 100-day EMAs

MACD: Positive crossover indicating potential upward momentum

RSI: Approaching overbought territory, suggesting caution for long positions​

📈 $SOL Intraday Trading Plan:

Long Entry: $145.50 – $146.50

Take Profit (TP): $150.00 – $152.00

Stop Loss (SL): $143.00

Short Entry: $152.00 – $153.00

Take Profit (TP): $147.00

Stop Loss (SL): $155.00​

📊 Market Overview:

Solana's price is currently consolidating, with key support at $145 and resistance at $152. A breakout above $152 could signal a bullish trend, while a drop below $145 may indicate further downside. Traders should monitor volume and price action closely.​

⚠️ Risk Management:

Given the approaching overbought RSI levels and recent price volatility, it's crucial to set appropriate stop-loss orders and manage position sizes to mitigate risk.​

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