Just watched an interesting move by a trader who’s building a solid reputation in the crypto space. they executed a spot trade on Solana (SOL) with precision and a clear strategy behind every step.💼🔥
📌 Entry Point: SOL at $155 after it broke above a resistance level with strong volume confirmation.
📉 Support Zone: Placed a stop-loss at $148 to protect against a false breakout.
📈 Target: Looking to take profit at $172, aligning with the next resistance on the 4H chart.
📊 Strategy: RSI (Relative Strength Index) and MACD for confirmation. RSI was climbing from 45 to 60, showing momentum. MACD had a fresh bullish crossover.
Why Solana? Strong fundamentals, growing ecosystem (DePIN, NFTs, DeFi), and solid technicals made it a good setup for this week.
🧠 Risk Management: Never risking more than 2% on portfolio per trade. This one’s a calculated move, not a gamble.
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