📌 1. Overview $SOL
Current price: ~156.8 USDT
24h growth: +1.3%
High trading volume confirms inflow of capital.
📉 2. Technical analysis by time frame
⏱ 1D – Daily
Price breaks out of the ascending accumulation triangle, successfully breaking the resistance zone ~155–156.5.
RSI: ~56.5 – not yet in the overbought zone, still room for increase.
MACD strongly crosses up, histogram turns positive → clear bullish signal.
Near target: zone 160–161.5 (Fib 0.0 and EMA200).
✅ Trend: SLIGHT INCREASE → STRONG INCREASE if 154.5 holds.
⏱ 4H – H4
SOL is retesting the breakout area after hitting 157.9.
RSI: ~69 → near overbought zone, a short correction may occur.
EMA7 > EMA21 > EMA200 → clear upward trend.
MACD still has upward potential but is starting to curve down.
⚠️ Short-term correction possibility to support zone 153–154 before continuing to increase.
⏱ 1H – H1
Current price is correcting after a strong pump to 157.9.
Structure: Creating higher highs → short-term uptrend is still maintained.
RSI ~64, MACD decreasing → short technical correction is occurring.
Short support zone: 153.8–154.5.
⏱ 15m–5m (Entry timing)
Price is sideway correcting after a strong increase → waiting for a good pullback to enter.
RSI 5m around ~42 → about to hit technical bottom.
MACD is crossing down, need to closely monitor price behavior around 155.5–154.8.
🎯 3. Trading strategy for today
✅ Scenario 1: Buy on trend (Priority)
Buy zone: 154.5 – 155.5 (retest breakout zone + converging EMA)
Stop loss: < 153.3
TP1: 158.5
TP2: 160.5
TP3 (expected extension): 164
✔️ Can enter in parts or wait for candle confirmation at H1 – H4 then enter.
⚠️ Scenario 2: Failed breakout (lower)
If SOL strongly breaks <153.3 and closes a daily candle below this area → Trend fails.
Strategy: Stand aside and observe, or short if significant selling volume appears.
📌 Important note:
Volume is supporting the upward trend → no signs of significant distribution yet.
Avoid FOMO when RSI >70 at smaller time frames.
Prioritize trading on pullbacks, do not chase prices.
Closely monitor the 154.5–155.5 zone during today's US session.
#SOL #DayTradingStrategy #BreakoutTradingStrategy