#TrumpTariffs #DayTradingStrategy #MuskAmericaParty $SOL
Here's a breakdown of your Solana (SOL/USD) 4H chart from TradingView:
📊 Technical Analysis Overview (4H Timeframe)
1. Price Action & Trend:
Current price: $149.99
Price seems to be ranging sideways between ~$140 and ~$160 after an earlier uptrend.
Recently rejected from around $160, now consolidating.
2. CRSI (Connors RSI):
Value: 19.51 → Oversold zone (below 20 typically means oversold).
Suggests a possible bounce or reversal upward soon.
3. Volume:
Volume is relatively low right now — no strong momentum either way.
Volume spikes were seen near lows and during rallies — sign of accumulation.
📍 Support & Resistance Zones
Support: $144.00 – $140.00 zone (recent bounce area)
Resistance: $157.00 – $160.00 zone (recent rejections)
Current Zone: Mid-range between support & resistance, so cautious entry required
✅ Suggested Trade Setup (Short-Term Swing)
🟢 Entry Zone:
Enter between $148 – $150 (current price is okay if candle confirms a reversal)
🔴 Stop Loss:
Below recent support → around $144
🎯 Targets:
TP1: $157 (first resistance)
TP2: $160 (swing high)
TP3 (optional): $165 (if breakout confirmed above $160 with strong volume)
⚠️ Risk Management & Tips
Risk/Reward for Entry at $150, SL at $144, TP1 at $157:
Risk: $6
Reward: $7 → 1.17 R:R, decent if setup confirms
If CRSI stays oversold and price makes a bullish candle with volume → Good entry confirmation
Avoid entering if price breaks down below $144
🔍 Summary
Element Value
Entry $148 – $150
Stop Loss $144
Take Profit 1 $157
Take Profit 2 $160
Indicator Signal CRSI = 19.51 (Oversold)
Bias Bullish (if support holds)