$SOL š SOL TrendāTrading Strategy Insights
Hereās how you can trade SOL using proven trendāfollowing tactics:
1. EMA Crossover (Fast/Slow EMAs)
Use a 20āperiod EMA (fast) and a 50āperiod EMA (slow).
Long when 20 EMA crosses above 50 EMA; exit/short when it crosses below .
Great for catching sustained trends.
2. EMA 9/21 Scalping (Intraday)
On 1ā5āÆmin charts: trade when EMA 9 crosses EMA 21.
Confirm entries with RSI (<āÆ70 for buys), MACD crossovers.
Aim for small TP (0.3ā0.6%) with tight SL (0.2ā0.4%) .
3. Bollinger Band Breakouts
Use 20-period SMA + 2 std dev bands.
Buy on close above upper band w/ volume, sell on close below lower band .
Add volume filters to reduce false signals.
4. Momentum Indicators: MACD, RSI & WilliamsāÆ%R
MACD (12,26,9) for trend confirmation ā go long/short on crossovers .
RSI (14): buy at <āÆ30, sell at >āÆ70 .
Williams %R (period=6): buy when <āÆā88, sell when >āÆā4 (5āmin charts) .