SOL/USDT intraday trading strategy
Current price: 225.02 USDT
Period: 1 day
Buy low strategy (long order)
Entry price: 220 - 223 USDT
Take profit price: 230 - 235 USDT
Stop loss price: 218 USDT
Strategy logic:
From the 1-hour and 4-hour charts, the price has pulled back to the support area close to 220, and the RSI is close to 40, indicating that the short-term is in a technical oversold state. The trading volume has shrunk, indicating that the selling pressure has weakened, and a rebound may occur in the short term. It is recommended to buy low in the 220 - 223 range, and the target is above the resistance area of 230.
Sell high strategy (short order)
Entry price: 230 - 235 USDT
Take profit price: 223 - 220 USDT
Stop loss price: 237 USDT
Strategy logic:
The 4-hour line shows that EMA(7) and EMA(25) cross below EMA(99), forming a short-term short position. If the price rebounds to the resistance zone of 230 - 235 and the trading volume fails to increase, it may encounter resistance and fall back. It is recommended to sell high in this area, with the target looking back to the support level of 223 - 220.
Please adjust your position according to the real-time market, strictly stop loss and take profit, and respond flexibly to market changes! $SOL
