$SOL

Here’s a sharp **$SOL (Solana) trading strategy** combining technicals, catalysts, and risk management for maximum edge:

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### **1. Key Levels to Watch (July 2024)**

- **Support**:

- $120 (psychological + previous swing low)

- $140 (50-day MA & 2024 accumulation zone)

- **Resistance**:

- $170 (June high, breakout pivot)

- $200 (ATH retest, massive liquidation zone)

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### **2. Breakout vs. Reversal Triggers**

#### **Bullish Scenario**

- **Break & Hold $170**: Confirms uptrend continuation → Target $200+.

- **Catalyst**: Ethereum ETF approvals (altcoin rotation), Solana ETF rumors.

#### **Bearish Scenario**

- **Close Below $140**: Risk of drop to $120.

- **Catalyst**: Macro risk-off (BTC dump), network outage FUD.

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### **3. Trading Strategy**

#### **A. Aggressive Breakout Play**

- **Entry**: Daily close above $170 + volume spike.

- **Stop**: $155 (below breakout level).

- **Target**: $200 (1:3 R/R).

#### **B. Dip-Buying with Hedges**

- **Entry**: $140-145 (50-day MA/test) + RSI < 40.

- **Stop**: $130.

- **Hedge**: Buy SOL puts or short SOL perpetuals (funding rate < -0.01%).

#### **C. Scalping Volatility**

- Use 4H Bollinger Bands: Buy touches lower band, sell upper band (range-bound markets).

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### **4. On-Chain & Sentiment Signals**

- **Bullish**:

- TVL growth (> $4B) + stablecoin inflows.

- NFT volume spikes (Tensor, Mad Lads).

- **Bearish**:

- Developer exodus (check GitHub activity).

- FTX estate dumping SOL (track wallet movements).

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### **5. Advanced Tactics**

- **Staking Yield**: ~5% APY (use for long-term holds).

- **Perp Funding Arbitrage**: Long spot + short futures if funding > +0.01%.

- **Airdrop Farming**: Stake SOL to qualify for potential ecosystem drops (e.g., MarginFi, Kamino).

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### **6. Risk Management**

- **Never allocate >10%** to SOL (high-beta asset).

- **Leverage**: Max 3x (liquidation risks are brutal).