š Solana Trading Strategy (Swing/Short-Term)
āļø Strategy Type:
Swing Trading or Short-Term Trend Following
Timeframe: 1H, 4H, Daily charts
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š 1. Technical Setup
Indicators to Use:
200 EMA + 50 EMA (Trend direction)
RSI (Relative Strength Index) (Overbought/Oversold)
MACD (Momentum confirmation)
Volume (To confirm breakouts)
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š¢ 2. Entry Criteria (Buy Signal)
Price above 200 EMA = bullish trend.
50 EMA crosses above 200 EMA = golden cross.
RSI below 40 then turning upward = possible rebound.
MACD bullish crossover (MACD line crosses above signal line).
Volume spike confirms move.
š” Bonus Entry Tip: Watch for breakouts above resistance zones or consolidation patterns (e.g., ascending triangle).
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š“ 3. Exit Criteria (Sell Signal)
RSI above 70 = overbought.
MACD bearish crossover.
Price closes below 50 EMA.
Loss of support with high selling volume.
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š 4. Risk Management
Stop-Loss: 3-5% below entry (or below last swing low).
Take Profit: Partial at +8-10%, trail remainder with moving average or a manual trailing stop.
Position Sizing Rule: Risk max 1-2% of your trading capital per trade.
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š 5. Supplement with Fundamentals
Track Solana news (e.g., ecosystem updates, outages).
Watch on-chain metrics (e.g., daily active addresses, total value locked).
Monitor Bitcoin trend ā most altcoins, including SOL, follow BTC direction.
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š Tools You Can Use
TradingView (charting)
CoinGlass (funding rates, liquidation levels)
CoinGecko / CoinMarketCap (fundamentals)
Twitter/X and Reddit (sentiment pulse)