SOL Trading Plan
Strong Support$126–$128Critical floor; aligns with 0.786 Fib retracement and recent lows/200-day EMA (~$177 but trending down to $126 zone). Break below targets $118–$120.
Near Support$130–$134Immediate bounce area; 20-day EMA (~$132) and high-volume node from early December. Held during recent sell-off.
Pivot/Current$135–$137Equilibrium range; current price testing classical pivot (~$137.91).
Near Resistance$140–$142First barrier; 0.236 Fib level (~$141) and upper channel. Rejection extends consolidation.
Strong Resistance$145–$150Major overhead; prior highs, 50-day EMA (~$153 but converging), and liquidation clusters. Break eyes $160+.
Entry and Exit Points
Setups derived from current indicators (e.g., neutral RSI, light volume, and pivot-based targets). Target 1:2 risk-reward amid SOL's volatility (ATR ~$5.50); confirm with volume spikes.
Long (Buy) Setup:
Entry: $134–$136 (rebound from near support with RSI >45 and volume uptick).
Stop-Loss: $129 (below strong support, ~4% risk).
Take-Profit (Exit): $142 (partial at near resistance, 50% position) and $148 (full on breakout).
Rationale: ETF inflows and bullish engulfing on weekly chart signal 5–9% upside if $140 clears.
Short (Sell) Setup:
Entry: $141 (rejection at resistance with bearish divergence).
Stop-Loss: $144 (above resistance, ~2% risk).
Take-Profit (Exit): $130 (partial at near support) and $126 (full on breakdown).
Rationale: Fading momentum and overhead supply suggest 6–10% downside if BTC stalls below $92K.
Time Frame Analysis
Short-Term (1H–4H Charts, Next 1–3 Days): Neutral bias with range-bound action in $130–$142 amid thin holiday volume. 50% chance of support test; monitor ETF flows for volatility.
Medium-Term (Daily/Weekly, End of December 2025): Mildly bullish targeting $145–$150 if $130 holds, driven by institutional interest (e.g., Cantor Fitzgerald SOL ETF holdings) and December seasonality (+71% in 2023). Consensus forecasts: $139–$149 by EOM, with $120 floor on risk-off scenarios.
