$SOL

Looking at the 1-hour chart for SOL/USDT perpetual on Binance, here's a structured trading plan based on 1 hour chart:

🧠 Market Context

Current Price: $191.54 (+6.08%)

24h High/Low: $193.27 / $177.61

Trend: Strong bullish momentum in the short term

Volume: High (32.7M SOL, 6.05B USDT)

📊 Technical Indicators

Moving Averages (MA)

MA(7) = $190.92 (just under price → minor support)

MA(25) = $184.86 (stronger support)

MA(99) = $179.34 (longer-term support)

RSI (6) = 80.40 → Overbought

Caution for possible pullback

MACD

DIF = 3.15, DEA = 2.57, MACD = 0.58 → Bullish crossover

Histogram still positive, momentum continuing

📌 Trade Plan

✅ If You Want to Go Long (Buy/Long)

Entry: Wait for a minor pullback to around $189.50–$190 (MA(7) support area)

Confirmation: Enter after a bullish candlestick pattern (e.g., hammer or engulfing) on 15m or 1h

Stop-loss: Below MA(25), around $183.50

Take-Profit Levels:

TP1: $193.50 (previous high)

TP2: $198–$200 (psychological level + extension target)

🛑 If You Want to Short (Sell/Short)

Only consider if there’s strong rejection at $193–$194 and RSI stays overbought

Entry: Near $193–$194 with confirmation candle

Stop-loss: Above $195.50

Take-Profit Levels:

TP1: $188 (first pullback zone)

TP2: $184.50 (MA25 zone)

⚠️ Risk Management

Use no more than 1–2% of your capital per trade.

Leverage cautiously if using it (consider ≤5x unless scalp trading).

Avoid entering when RSI is extremely overbought unless retracement occurs.

💡 Summary

Bullish trend, but overbought on RSI – be cautious.

Look for pullback entries to go long, or wait for rejection confirmation to short.

Volatility is high – so either way, set tight stop-losses.