SOL is grinding higher at $106.88 (+4.65%) with $544.9M in volume. Daily RSI at 80 is SCREAMING overbought.
But here is the thing — price keeps climbing despite the overbought reading. MACD bullish and expanding on both timeframes. Price holding well above SMA7 and SMA25 on the 4h. The trend is unbroken.
💡 Why This Trade?
In strong trends, overbought can stay overbought for weeks. SOL is leading the large-cap altcoin complex right now. No divergence signals yet. Hold longs and add on dips toward the SMA7 4h ($107). Do not fight this trend.
📊 Trade Plan (Hold / Buy Dips):
• Entry: $105.56 — $108.20
• Stop Loss: $110.31
• TP1: $111.16 | TP2: $115.43 | TP3: $119.71
🎯 R:R 1.2 — decent for a hold trade.
The $110 level is the next psychological barrier. Break it and we could see $120 fast.
🤔 Is SOL the best large-cap alt right now or are you watching something else? 👇
#SOL #Solana #DYOR
⚠️ Personal opinion, not financial advice. Always DYOR and manage your own risk.
But here is the thing — price keeps climbing despite the overbought reading. MACD bullish and expanding on both timeframes. Price holding well above SMA7 and SMA25 on the 4h. The trend is unbroken.
💡 Why This Trade?
In strong trends, overbought can stay overbought for weeks. SOL is leading the large-cap altcoin complex right now. No divergence signals yet. Hold longs and add on dips toward the SMA7 4h ($107). Do not fight this trend.
📊 Trade Plan (Hold / Buy Dips):
• Entry: $105.56 — $108.20
• Stop Loss: $110.31
• TP1: $111.16 | TP2: $115.43 | TP3: $119.71
🎯 R:R 1.2 — decent for a hold trade.
The $110 level is the next psychological barrier. Break it and we could see $120 fast.
🤔 Is SOL the best large-cap alt right now or are you watching something else? 👇
#SOL #Solana #DYOR
⚠️ Personal opinion, not financial advice. Always DYOR and manage your own risk.