🚀 $SOL SETUP: Short-Term Momentum Reversal! 📈
Hello Binance Square residents! 👋 AltcoinRadarID here sees an interesting opportunity on the 4H chart of Solana ($SOL). After being held at support $117.00, the price is starting to show signs of solid recovery.
🔍 Technical Analysis:
MA Check: The price successfully broke through MA(5), MA(10), and MA(20). Now it is struggling to breakout at MA(50) ($126.60 - $127.00).
MACD: Bullish crossover confirmed! 🟢
RSI: At level 54.67, there is still plenty of "breath" to rise before the overbought area.
📊 Trading Plan (High Risk - High Reward):
LONG $SOL/USDT (Perp)
Leverage: 50x (Use a small margin, max 1-2% of wallet!)
📍 Entry Zone: $126.40 – $126.70
🎯 TP 1: $129.20 (Secure initial profit)
🎯 TP 2: $131.50
🎯 TP 3: $135.00 (Strong resistance MA 100)
🎯 TP 4: $142.00 (Moon target)
🛑 Stop Loss: $124.10 (Must set! Below MA 20)
⚠️ Risk Warning: 50x leverage is very aggressive. A 2% movement against the direction can wipe out your margin. Always manage risk and don’t FOMO!
What do you think about $SOL ?
Will it break $135 this week? Write in the comments below! 👇
#AltcoinRadarID #sol #cryptotrading #TradingSignals #BinanceSquare