Technical Analysis and Market Structure: Solana (SOL/USDT)
The structure of Solana (SOL) on the weekly and 4-hour timeframes reflects an active expansion cycle with strong liquidity support in the mid-range zones.
Macro Trend (Weekly Structure):
Base Structure: SOL is in a consolidation phase within a clear medium-to-long-term uptrend. Unlike assets at historical lows, SOL maintains a structure of ascending lows.
Moving Averages (MA): The short MAs (MA 7 and MA 25) remain angled upward, acting as a key dynamic support to maintain market momentum.
Trading Strategy (Short Term / Quick Scalping)
For an agile trade with a high probability and strict risk management:
1. Entry Plan and Confirmation
Suggested Entry Zone (Buy Zone): $140.00 - $144.00 (on the retest or bounce off the immediate support).
Entry by Confirmation (Breakout): A 4H candle close above $156.00 with a visibly increased buyer volume.
2. Targets and Risk Management
Take Profit 1 (TP1 - Quick Exit): $155.00 (take 50% of the position and move Stop Loss to Break-Even).
Take Profit 2 (TP2 - Extension): $168.00 - $172.00 (close the remaining 50%).
Stop Loss (Invalidation): $134.50 (placed below the support block to limit losses in case of sudden volatility).
Execution Rules
Estimated Trade Time: 12 to 48 hours.
Money Management: Keep risk per trade at a maximum of 1% to 2% of total capital.
Flexibility: If Bitcoin (BTC) experiences sharp drops, wait for SOL’s price to stabilize at the $138.00 support before opening buy positions.
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