#SwingTradingStrategy Here's a basic swing trading strategy for Solana ($SOL ) based on current prices:
Strategy Overview
1. *Timeframe*: 4-hour to 1-day charts
2. *Indicators*: Moving Averages (MA), Relative Strength Index (RSI), Bollinger Bands
3. *Goal*: Capture short-term price movements (swings) in SOL
Entry Rules
1. *Long Entry*:
- $SOL price above $145
- 50-period MA crossover above 200-period MA
- RSI (14) below 40
- Bollinger Bands contraction
2. *Short Entry*:
- SOL price below $140
- 50-period MA crossover below 200-period MA
- RSI (14) above 60
- Bollinger Bands expansion