Lan Ce | Oct 10 Solana Market Analysis $SOL
【Today's Trading Plan】
Long entry: Buy on a pullback into the 108.5–109.0 zone, with a stop-loss below 108.0. Take profit at 110.5–111.0, with a second target of 112.0–112.5.
【Key Takeaways】
Solana pulled back from its overnight high of 112.05, dipping to a low of 108.41 before rebounding to around 109.86. Near the MACD zero line, the green histogram bars are shrinking, and the fast and slow lines are turning upward from low levels, suggesting room for a short-term recovery.
【Trading Details】
Solana’s drop was sharp, and its rebound has been just as decisive—a classic high-volatility asset. The 108.4–108.8 area marks the overnight low; if it holds, there may be room for a recovery. Consider opening a small long position on a pullback into the 108.5–109.0 zone. The first target is 110.5–111.0, with 112.0–112.5 in sight if momentum is strong. If the price breaks decisively below 108.0, abandon the long setup. #sol
【Today's Trading Plan】
Long entry: Buy on a pullback into the 108.5–109.0 zone, with a stop-loss below 108.0. Take profit at 110.5–111.0, with a second target of 112.0–112.5.
【Key Takeaways】
Solana pulled back from its overnight high of 112.05, dipping to a low of 108.41 before rebounding to around 109.86. Near the MACD zero line, the green histogram bars are shrinking, and the fast and slow lines are turning upward from low levels, suggesting room for a short-term recovery.
【Trading Details】
Solana’s drop was sharp, and its rebound has been just as decisive—a classic high-volatility asset. The 108.4–108.8 area marks the overnight low; if it holds, there may be room for a recovery. Consider opening a small long position on a pullback into the 108.5–109.0 zone. The first target is 110.5–111.0, with 112.0–112.5 in sight if momentum is strong. If the price breaks decisively below 108.0, abandon the long setup. #sol