Current Condition (TF 1H)
The current price of SOL is around US$ 246-247
Last 1H intraday range: strong support at $236-238, resistance near $248-250
RSI 1H has entered the overbought area → there is a chance of a slight correction before continuing to rise
MA (50 and 100 in TF 1H) leans bullish → the trend still supports the increase
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🔧 Entry Setup (TF 1H)
1. Bullish Breakout Scenario
Entry Long: If the 1H candle closes above $250 with strong volume
SL (Stop Loss): around $244 (slightly below breakout)
Target (TP):
Target 1: $255
Target 2: $260 (if momentum continues)
Risk-Reward: approximately 1 : 2
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2. Resistance Rejection Scenario
If the price fails to break through $248-250 and a reversal candle (shooting star / bearish engulfing) appears in TF 1H
Entry Short: around $248-249
SL: above $252
Target (TP):
Target 1: $240
Target 2: $236 (strong intraday support)
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3. Bounce from Support Scenario
If the price first drops to the area of $236-238 and then a bullish reversal pattern appears in TF 1H
Entry Long: in the support area of $236-238
SL: below $232
Target (TP):
Target 1: $245
Target 2: $250
