SOL Crypto Futures Trade Plan 2025-04-28
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Trading Rules:
The strategy involves trading crypto futures with leverage, typically between 50-150x. Directionality is determined by the majority of market insights suggesting a trend direction. Position sizing is based on account equity and risk tolerance, and risk management always includes stop-loss and take-profit levels.
Required Analysis Steps:
Technical Analysis Synthesis:
The current price of SOL ($147.52) is above its key moving averages (SMA 20: $138.00, SMA 50: $130.84), but below the SMA 200 ($181.09), indicating a potential trend reversal or continuation depending on market context. The RSI reading of 60.16 is not in overbought or oversold territory, suggesting a stable momentum that could support either a bullish or bearish move. Bollinger Bands show an upper bound of $159.87 and a lower bound of $116.12, with the price currently closer to the upper band, indicating potential for a pullback. Key support levels are around the SMA 20 and SMA 50, with resistance near the SMA 200. Market Sentiment Integration: