Best $SOL
Long strategy
For a long strategy on SOL/USDT on Binance, consider the following:
- *Entry Points:*
- Above $120 (breakout and retest)
- $120.15-$118.12 (demand zone)
- *Stop Loss:*
- $147.80 (for breakout entry)
- $114 (for demand zone entry)
- *Take Profit:*
- $153.50, $157.20, $163.94 (for breakout entry)
- *Alternative Strategy:*
- Wait for a clear breakout above $157.38 with volume for a long position
- Consider hedging with a short position at $157.38 with 1x leverage
- *Key Indicators:*
- EMA(20) > EMA(50) for buy signal
- MACD: DIF line above DEA (green histogram)
- RSI(14): Between 50 and 70 (avoid overbought)
Some traders also suggest ¹ ²:
- *Buy Setup:* Long above $150.57 (above EMA20 = $151.68), with MACD positive and RSI = 59.32
- *Target:* $163.57 (+5% from $155.57)
- *Stop Loss:* -2% from position size (e.g., $152.45)
Keep in mind to ¹:
- Use 2x leverage minimum for futures
- Risk only 1-2% of trading capital per trade
- Set stop-loss and take-profit levels according to strategy
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