Market Overview

Solana ($SOL )is showing signs of strong bullish momentum today. Here’s a quick breakdown:

  • 24h High / Low: $176.15 / $160.18

  • Bollinger Bands:

    • Upper Band: $164.12 → Price is trading above = breakout potential

      Middle Band (MA): $149.17

    • Lower Band: $134.21

      • MACD:

        • DIF: 6.46

        • DEA: 4.99

        • Histogram: Positive → Bullish crossover confirmed.

        • RSI (Relative Strength Index):

          • RSI(6): 88.51 → Heavily Overbought

          • RSI(12): 77.59 → Still Overbought

          • RSI(24): 64.16 → Approaching Overbought.

        $SOL


        Short-Term Futures Trading Strategy

        Option 1: Long Position (Riding the Momentum)

        Entry Zone: $168–$171

        Wait for a slight pullback toward the upper Bollinger Band for confirmation.

        • Why?

          • Price is above the upper band (breakout)

          • MACD is bullish

          • RSI confirms momentum

        Profit Targets:

        • TP1: $176 (Recent high)

        • TP2: $180–$185 (Next resistance & Fib extension area)

        Risk Control:

        • Use a trailing stop-loss once price breaks $176

        • Suggested SL: 1.5–2% below entry

    Option 2: Short Position (Catching a Reversal)

    Only consider this if you spot signs of weakness, such as:

    • Bearish candlestick near $176–$180

    • MACD starts to flatten

    • RSI divergence appears

    Short Entry: $175–$178

    Stop-Loss: $180.5 (above the recent high)

    Profit Targets:

    • TP1: $164 (Upper Bollinger Band retest)

    • TP2: $149 (Middle band support)

Pro Tips for Safer Futures Trading

  • Use low leverage (3–5x max), especially if you’re new

  • Always have a clear entry/exit plan

  • Stop-loss is your best friend – protect capital

  • Watch volume confirmation – higher volume validates the move