2$/SOL (5-10 SOL) profit strategy in spot trading
SOL/USDT Quick Trade Analysis (1-2 Hour Horizon)
SOL Price Snapshot : $162.35 - 162.55
24h Range : $159.54 (Low) → $168.20 (High)
RSI(6): 51.87 (Neutral)
Volume (24h) : High ($587M USDT)
1. Short-Term Price Action (Next 1-2 Hours)
Support : $162.00 (minor), $159.54 (strong, 24h low).
Resistance : $164.27 (immediate), $168.20 (24h high).
Trend : Neutral/slightly bearish (-0.73% in 24h).
Observations :
Price is hovering near mid-range. No strong momentum in either direction yet.
RSI neutral—no overbought/oversold signals.
2. Can You Take a $2 Profit?
Scenario 1: Small Upside (Target $164.3)
If SOL bounces from $162.35:
Next resistance is $164.27 (Binance order book shows sellers here).
$2 gain = $164.35 (possible but needs volume).
Probability : 50/50—depends on Bitcoin/market sentiment.
Scenario 2 : Downside Risk (Target $160.0)
If SOL breaks $162.00:
Next support at $159.54 (24h low).
Potential -$2.35 drop(-1.45%).
3. Order Book & Liquidity Clues
Sell Walls : Thick at $164.27 (needs volume to break).
Buy Support : Thin near $162.00—risk of slippage if selling accelerates.
Implication :
Choppy price action likely unless volume surges.
Final Verdict : Should Buy Now?
Option 1 : Aggressive Scalp (High Risk)
Buy Now : $162.35
Target : $164.30 ($2 profit per SOL).
Stop-Loss : $161.80 (tight, 0.3% risk).
Success Chance : 40-50% (low volume = weak momentum).
Option 2: Wait for Confirmation (Safer)
Buy Only If :
SOL holds above $162.00 + RSI(6) climbs above 55.
Volume spikes on 15m chart.
Target : Same ($164.30).
Option 3: Avoid (Low Reward/Risk)
Why?
$2 profit is just a1.2% gain—not worth the risk of a 1.5% drop.
Better setups likely later (e.g., dip to $160.00).
Recommendation
Wait 30-60 mins to see if:
SOL stabilizes above $162.00, or Dips to $161.00 (better entry).
If you must trade now : Use 10% of capital and set tight stops.
Need a tighter entry? Watch the 15m chart for:
Bullish engulfing candle at $162.00.
MACD crossing upward.
