Market Context & Price Behavior
Current Price: $SOL
📈 Trade Suggestion – Long Setup (Intraday)
BUY
Entry: $178.60 – Current price offers re-entry on consolidation.
Stop Loss: $176.10 – Just below VWAP & Ichimoku base line.
Take Profit Target:
TP1: $181.30 (Classic Pivot R2)
TP2: $183.20 (Woodie Pivot R3 – extended target)
Risk-Reward Ratio: Approx. 1:1.8 to 1:2.5 depending on exit strategy.
Confidence Level: MODERATE to HIGH
Momentum confirms bullish short-term direction.
Trend strength still developing (ADX < 20), so manage position closely.
Avoid holding if price fails to sustain above $177.00.
REASONING
VWAP: $176.13 – Price trading above VWAP indicates intraday bullish momentum.
Volume: Moderate at ~2.23M, confirming active participation in current move.
Momentum & Oscillators
RSI (15m): 57.31 – Moderate strength, not overbought.
ADX (15m): 15.78 – Weak trend strength, but increasing.
Awesome Oscillator (AO): 0.87 – Positive momentum.
Momentum (Mom): 0.53 – Mild upward momentum.
Rate of Change (ROC): 0.21 – Slight bullish acceleration.
Stoch K / D: K = 71.05, D = 65.61 – Suggests bullish crossover but nearing overbought zone.
Ichimoku (Cloud Levels)
Base Line (Kijun): $177.22
Conversion Line (Tenkan): $178.62
Leading Span A (Lead 1): $176.48
Leading Span B (Lead 2): $174.84
→ Price above cloud; bullish short-term structure.
EMA Structure
Price > EMA 5 ($178.70) > EMA 10 ($178.57) > EMA 20 ($178.24)
→ Confirmed short-term bullish stacking.
Pivot Analysis (Camarilla/Classic)
Camarilla R1: $175.42
Camarilla R3: $176.43
Classic R1: $178.13
Classic R2: $181.34
→ Price broke above Camarilla resistance and is nearing Classic R2.