Signal Alert 🚹

$SOL

SOL
SOLUSDT
86.58
+1.91%

Chart Overview:

‱ Current Price: $171.82 (+5.56%)

‱ 24h High/Low: 176.15 / 160.18

‱ Bollinger Bands:

‱ Upper Band: 164.12 (price is above = breakout)

‱ Middle Band (MA): 149.17

‱ Lower Band: 134.21

‱ MACD:

‱ DIF: 6.46

‱ DEA: 4.99

‱ Histogram: Positive (bullish momentum)

‱ RSI:

‱ RSI(6): 88.51 (Overbought)

‱ RSI(12): 77.59 (Overbought)

‱ RSI(24): 64.16 (Near Overbought)

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Futures Trading Strategy (Short-Term):

Opening a Long Position (Entry)

‱ Entry Point: Around $168–$171 (if price pulls back slightly and holds support above upper Bollinger Band)

‱ Reason: Strong bullish momentum, MACD cross confirmed, and price broke out of Bollinger Band.

Take Profit (Closing Long)

‱ Target 1: $176 (previous high)

‱ Target 2: $180–$185 (psychological resistance + Fibonacci extension zones)

‱ Trailing Stop: Once above $176, tighten stop to lock in profits.

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Opening a Short Position (Entry)

‱ Only if Reversal Confirmed:

‱ Watch for bearish candle near $176–$180

‱ MACD starts to flatten or RSI divergence appears

‱ Entry Point for Short: $175–$178

‱ Stop-Loss: $180.5 (above recent high)

Take Profit for Short:

‱ Target 1: $164 (retest upper Bollinger band)

‱ Target 2: $149 (middle band support)

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Risk Management Tips:

‱ Use leverage carefully – recommended max 3–5x for beginners.

‱ Set stop-loss at ~1.5–2% below entry (for long) or above entry (for short).

‱ Follow volume – rising volume confirms the move.