#TrendTradingStrategy ๐ with SOL/USDT ๐
Solana (SOL) has been trending with strong momentum, making it a prime candidate for trend-following strategies. Currently, SOL is trading within an upward channel, respecting both higher highs and higher lows โ classic signs of a bullish trend in play.
โ Trending Indicators:
20 EMA above 50 EMA โ strong uptrend signal
RSI holding steady above 60
MACD shows bullish crossover confirmation
๐ Strategy: Use a trailing stop-loss to lock in gains while riding the trend. Enter on pullbacks to support zones (e.g., near $138) and take partial profits as price approaches resistance zones like $150 or $160.
โ ๏ธ Risk Tip: Avoid chasing candles. Patience pays when entering at trendline or moving average support.
