I've been watching SOL for a while now, and the recent price action really does show some energy building up. Currently trading around $139.09, the bullish sentiment is strong, and the RSI indicator shows 51.6—from the chart, the bulls are definitely accumulating momentum.
Let me break down the technical levels: support is holding steady at $134.92, with resistance above at $143.26. The most critical level is $141.87—if we break through this, SOL could trigger a more powerful rally. This position is quite crucial; whether it breaks or not will directly impact the next move.
Here's my trading approach. First, I'm building a position with 30% of my allocation at current levels, with my stop loss placed just below $134.92. My first target is the $143.26 resistance level. If we successfully break through $141.87, I plan to add another 20% to my position, with targets extending to $150.
Honestly, this kind of price action creates the anxiety of missing out, but crypto has too many variables—acting impulsively is a quick way to get burned. So I need to execute the strategy strictly, and I can't loosen up on the stop loss. This window is definitely worth watching right now, but timing is everything—either you don't move, or if you do, you stick to the plan.
What's your take on this level? Does anyone have other analytical angles they'd like to share?
I've been watching SOL for a while now, and the recent price action really does show some energy building up. Currently trading around $139.09, the bullish sentiment is strong, and the RSI indicator shows 51.6—from the chart, the bulls are definitely accumulating momentum.
Let me break down the technical levels: support is holding steady at $134.92, with resistance above at $143.26. The most critical level is $141.87—if we break through this, SOL could trigger a more powerful rally. This position is quite crucial; whether it breaks or not will directly impact the next move.
Here's my trading approach. First, I'm building a position with 30% of my allocation at current levels, with my stop loss placed just below $134.92. My first target is the $143.26 resistance level. If we successfully break through $141.87, I plan to add another 20% to my position, with targets extending to $150.
Honestly, this kind of price action creates the anxiety of missing out, but crypto has too many variables—acting impulsively is a quick way to get burned. So I need to execute the strategy strictly, and I can't loosen up on the stop loss. This window is definitely worth watching right now, but timing is everything—either you don't move, or if you do, you stick to the plan.
What's your take on this level? Does anyone have other analytical angles they'd like to share?