$SOL

Based on 1 hour chart

Market Analysis

Price: $174.42

24h Range: $159.62 – $174.67

Change: +6.99%

Indicators:

RSI(6): 92.75 → Overbought zone ⚠️

MA(7): 170.06 (price well above)

MACD: Bullish crossover; histogram increasing

Volume: Increasing, supporting the breakout

✅ Trade Plan Suggestion

📈 If Planning to Go Long:

Avoid entering now – RSI is overheated (92+), high risk of pullback

Wait for retracement to a support zone (e.g. $170 or $165 – MA25)

Entry Zone: $165–$170

SL (Stop-Loss): Below $160 (support + MA99)

TP (Take-Profit): $180–$185 if momentum resumes

📉 If Planning to Go Short:

High-risk since trend is strong up, but:

Short Entry (Aggressive): $174.50–$175.00

SL: $176.50 (above last high)

TP: $165 or $160 (previous support zones)

🧠 Tips

Wait for confirmation candle (e.g., a doji or bearish engulfing) before shorting.

Use small position size due to high RSI and increased volatility.

Watch BTC closely – it often dictates SOL's short-term trend.

🚦My Bias: Wait or Scalp Short Carefully

The price is in strong momentum but overbought. Entering now long may expose you to FOMO risk.