Recently, I've been keeping an eye on Solana's trend, and it's quite interesting. The current price has already reached around $135.18, with the bulls clearly gaining momentum. According to the RSI indicator, it's now at 51.5, indicating that the bullish and bearish forces in the market are somewhat tilted.
From a technical analysis perspective, the chart structure remains relatively clear. The support level is pinned at $131.12, with resistance above at $139.24. There's a key breakout level at $137.88; if the price can stabilize above this point, there could be more room for upward movement. This kind of situation can indeed be quite tempting.
Regarding trading ideas, my thoughts are as follows:
First, avoid going all-in; entering in batches is a more prudent approach. Keeping position size around 30% of total funds is reasonable, allowing participation in the trend without overexposing to risk. Set the stop-loss slightly below $131.12 so that even if the price pulls back, it remains relatively manageable.
As for target levels, initially watch the resistance at $139.24. If the price can break through $137.88 smoothly, there's no need to rush to close the position; you can hold on for potentially higher profits.
Why am I somewhat optimistic about this opportunity? One, the bulls are currently in the advantage in the market; two, Solana's ecosystem development has been ongoing, and the fundamental support is still there. However, trading is always about managing risk first and foremost.
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quiet_lurker
· 17h ago
This wave of SOL is really starting to strain, just worried that the $137.88 level will be hammered back down again.
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AirdropSweaterFan
· 01-05 07:52
Sol is doing the same thing again; I would only believe it if 137.88 can hold steady.
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PuzzledScholar
· 01-05 07:51
This wave of SOL is indeed impressive, but I'm worried it might be just a fleeting moment.
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LuckyBlindCat
· 01-05 07:51
Here comes the hype again. Is it really about to take off around 135? I feel like there might still be some fluctuation left.
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OptionWhisperer
· 01-05 07:51
137.88 is really stuck at this level; let's see if it breaks through. It's a bit early to enter now.
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OnchainDetective
· 01-05 07:46
Entering in batches is still a safe move, but I really wonder if the 137.88 level can hold firmly, I'm not confident.
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MEVSandwichVictim
· 01-05 07:45
SOL is starting to struggle a bit. If it breaks through 137.88, I need to jump on board quickly.
Recently, I've been keeping an eye on Solana's trend, and it's quite interesting. The current price has already reached around $135.18, with the bulls clearly gaining momentum. According to the RSI indicator, it's now at 51.5, indicating that the bullish and bearish forces in the market are somewhat tilted.
From a technical analysis perspective, the chart structure remains relatively clear. The support level is pinned at $131.12, with resistance above at $139.24. There's a key breakout level at $137.88; if the price can stabilize above this point, there could be more room for upward movement. This kind of situation can indeed be quite tempting.
Regarding trading ideas, my thoughts are as follows:
First, avoid going all-in; entering in batches is a more prudent approach. Keeping position size around 30% of total funds is reasonable, allowing participation in the trend without overexposing to risk. Set the stop-loss slightly below $131.12 so that even if the price pulls back, it remains relatively manageable.
As for target levels, initially watch the resistance at $139.24. If the price can break through $137.88 smoothly, there's no need to rush to close the position; you can hold on for potentially higher profits.
Why am I somewhat optimistic about this opportunity? One, the bulls are currently in the advantage in the market; two, Solana's ecosystem development has been ongoing, and the fundamental support is still there. However, trading is always about managing risk first and foremost.
What are your thoughts?