$SOL Today's Pro Trading Plan for $SOL/USDT (12 Jun 2025 | 09:03 UTC)
• Entry Zone: Consider long entries within the $158.00 - $159.00 range, targeting a bounce off the 20-period moving average confluence.
• Stop Loss: $157.50, positioned below recent structural lows and the 24h low.
• Risk/Reward Ratio: Approximately 1:2.5 for Target 1, scalable.
• Profit Targets:
• Target 1: $160.52 (20-period MA on the 4-hour, conservative intraday scalp).
• Target 2: $162.00 (Prior minor resistance/supply zone).
• Target 3: $164.67 (Aggressive target aligning with previous swing high).
• Strategy: The price is currently retesting the 20-period MA on the 4-hour chart after a significant bullish impulse. This presents a potential mean reversion long opportunity. Look for bullish engulfing candles or wick rejections within the entry zone for confirmation. MACD shows waning bearish momentum, hinting at a potential reversal.
• Market Sentiment: Short-term bearish retracement within a broader bullish trend. Buyers are likely waiting at key support levels.
• Invalidation Level / Caution Note: A sustained break and candle close below $157.50 would invalidate this bullish setup, signaling a deeper correction. Monitor order flow and volume for confirmation.
Disclaimer: All trading involves risk. This content is for informational purposes only. Please trade responsibly.