Key levels for buying and selling $SOL
Buy Zone Levels:
1. $228–$232:
Current support zone. If the price tests this range and bounces, it could be a signal to enter.
Action: Open positions in parts to minimize risks in case of a support break.
2. $210–$215:
In the event of a correction, this is a stronger support level. Entry in this area has a better risk/reward, but it is possible if the market turns "bearish".
Sell levels (Take Profit):
1. $245–$250:
Current resistance zone. If the price approaches $250, it is worth locking in some profit.
Action: Set a partial take profit to lock in profits if the price fails to break this level.
2. $260–$270:
If $250 is broken, this is the next important resistance level. If the bullish momentum continues, this area is a logical place to take profits.
3. $300 (optimistic scenario):
Possible achievement under conditions of a strong positive trend in the cryptocurrency market as a whole.
Risk management strategy
Stop Loss: It is recommended to place below $228 for short-term trades.
Partial exit: If you bought at $228–$232, sell 50% of the position at $245–$250, leaving the rest for potential upside.
Current signals (December 14, 2024):
RSI (Relative Strength Index): In the range of 60–70, indicating moderate overbought conditions.
MACD: Indicates a stable uptrend, supporting the possibility of growth to $250 and above.
Trading Volume: High volume signals buyer activity, but watch for sudden decreases in volume as a signal of a potential pullback. $SOL