Long Setup (Bullish: Breakout Above $0.26) Entry: $0.25â$0.26 (current dip or retest of 50 EMA; enter on hammer candle close above $0.26 for confirmation). Target (TP): TP1: $0.30 (first resistance; ~15% upside, quick scalp on volume spike). TP2: $0.35 (0.618 Fib extension; aligns with end-Dec consensus). TP3: $0.45 (ATH reclaim +; if Solana pumps and AI narrative heats up). Stop Loss (SL): $0.22 (below recent low and 0.5 Fib support; ~15% risk, trail to $0.25 on TP1 hit).
Rationale: Bullish EMA stack (20/50/200), positive funding rates (-0.06%), and X calls for $0.32â$0.38 dips. Risk/reward ~1:3. Exit partials at TP1 to lock gains.
Short Setup (Bearish: Retracement on Overbought)
Entry: $0.26â$0.27 (rejection at overbought RSI; enter on bearish engulfing). Target (TP): TP1: $0.20 (0.786 Fib support; ~23% downside). TP2: $0.16 (key macro support; whale dump zone). Stop Loss (SL): $0.29 (above today's high; ~12% risk). Rationale: Fading volume post-rally, liquidation risks ($11M shorts hit recently), and X shorts eyeing $0.08â$0.10. Use if BTC dominance climbs.