SOL Crypto Futures Trade Plan 2025-05-01
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Trading Rules:
The strategy involves trading crypto futures with leverage, typically between 50-150x, focusing on entering trades at market open based on the prevailing trend direction. Position sizing is tailored to the account equity and risk tolerance, with strict adherence to stop-loss and take-profit levels for risk management.
Required Analysis Steps:
Technical Analysis Synthesis:
The current price of SOL is $151.05, which is above the SMA(20) at $142.07 and SMA(50) at $132.29 but below the SMA(200) at $181.08. This indicates a potential bullish short-term trend but a bearish long-term trend. The RSI(14) is at 62.69, which is close to the overbought region but not yet indicating a significant overbought condition. The MACD is above its signal line, indicating a bullish signal. Bollinger Bands show the price is near the middle band, with the upper band at $159.48 and the lower band at $124.66, suggesting potential volatility. Market Sentiment Integration: