SOL Crypto Futures Trade Plan 2025-04-21

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Trading Rules:

The provided trading rules emphasize the use of leverage (typically 50-150x), entering trades based on trend direction suggested by most market insights, and strict risk management through position sizing and the use of stop-loss and take-profit levels.

Required Analysis Steps:

Technical Analysis Synthesis:

Price Position Relative to Moving Averages: The current price of SOL ($136.74) is above its SMA (20) at $124.94 and SMA (50) at $128.77, but below its SMA (200) at $180.79. This indicates a possible short-term bullish trend but a long-term bearish trend. RSI Readings: With an RSI (14) of 56.15, SOL is not in overbought or oversold conditions, suggesting there's room for movement in either direction. Bollinger Bands: The price is below the upper Bollinger Band ($146.49) and above the lower band ($103.40), with a relatively wide band width, indicating potential for increased volatility. Key Support/Resistance Levels: Recent news and price action suggest support around the SMA (50) and resistance near the upper Bollinger Band. Market Sentiment Integration: