$SOL
1. Entry Points
Current Price: $151.41
Bullish Momentum: The price just broke above a local resistance near $150 with strong green candles and volume, suggesting bullish strength.
Ideal Entry (Aggressive): Around $151.00 – $151.50 (current market price) as it breaks out of consolidation.
Conservative Entry: On a pullback to the support zone of $148.50 – $149.00, which aligns with the MA(7) and MA(25).
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2. Stop-Loss Placement
Below Local Support: Place a stop-loss just below the recent support and MA(99) level, which is strong dynamic support.
Suggested Stop-Loss: $144.50
This is below the recent 24h low ($144.68) and below the MA(99) ($145.88), reducing chances of a false stop-out.
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3. Take-Profit Targets
TP1 (Short-Term Target): $153.50 – Near the upper resistance visible in the chart.
TP2 (Extended Target): $156.00 – A psychological round number and possible next resistance if bullish momentum continues.
TP3 (Aggressive Target): $160.00+ – If a breakout above $156 occurs with volume, this could be the next leg up.
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Risk-Reward Setup (for Aggressive Entry at $151.00)
Stop-Loss: $144.50
TP1: $153.50 (RR ≈ 1:0.4)
TP2: $156.00 (RR ≈ 1:0.8)
TP3: $160.00 (RR ≈ 1:1.3)
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Confirmation Signals
Uptrend supported by increasing volume.
MA(7) > MA(25) > MA(99): strong bullish alignment.
Recent breakout candle closed above previous highs.
