💥SOL/USDT: The upward impulse continues 🚀
Current price: 139.20 USDT (+2.80%)
On the hourly chart of SOL/USDT, a clear upward trend is observed. The price confidently holds above EMA(21), EMA(50), and EMA(99), confirming the strength of the bulls. RSI (70.58) and Stochastic RSI (81.86) are in the overbought zone, indicating a possible acceleration of growth in the short term. MACD shows a positive crossover, strengthening the long signal.
🚨Indicators:
EMA(21): 134.27
EMA(50): 134.21
EMA(99): 134.55
RSI(14): 70.58
Stochastic RSI: 81.86
MACD: positive crossover
💰Trading plan:
The main scenario is a long with the goal of continuing growth.
Targets:
1️⃣ 142.00 USDT (+2.05%)
2️⃣ 145.00 USDT (+4.16%)
3️⃣ 148.00 USDT (+6.34%)
➡️Entry points:
Conservatively: breakout at 139.75 USDT, stop-loss at 137.50 USDT
Aggressively: entry at 138.00 USDT, stop-loss at 136.00 USDT
Stop-loss: 136.00 USDT to protect against sharp corrections.
✅ The strategy allows for profit taking with minimal risk and to follow the trend on the hourly chart.
Spot trading 👉$SOL
Futures 👇
