SOL/USDT Trade Plan — 2H Chart


Current Price: $83.83
$SOL #WCTCTradingKingPK

Market Context
SOL has recovered meaningfully from the recent swing low of $81.40 (April 29) and is now trading above the Bollinger midband (MB: $83.22), a constructive sign. The MACD has turned positive at +0.15, with the DIF (-0.08) beginning to cross above the DEA (-0.23), suggesting early bullish momentum — though the signal is not yet confirmed. The Bollinger Bands are noticeably narrowing on the right side of the chart, indicating compressed volatility and a likely breakout in the near term.
Scenario A — Long (Bullish Breakout)
Thesis: Price holds above the MB and breaks through the upper Bollinger Band, resuming the recovery leg from $81.40.
Entry: $83.80 – $84.10 (current range, on a confirmed hold above MB or a 2H close above the UB at $84.10)
Targets:
T1: $86.00 (prior consolidation zone)
T2: $88.50 – $89.31 (April swing high)
Stop Loss: $82.20 (below the LB at $82.33 and the 24h low of $82.70, giving a clean invalidation level)
Risk/Reward: Approximately 1:2.5 to T1, 1:5+ to T2
Scenario B — Short (Rejection at Upper Band)
Thesis: Price fails to sustain above the UB ($84.10) and rolls over, retesting lower support.
Entry: $84.00 – $84.40 (rejection candle confirmation on 2H close)
Targets:
T1: $83.22 (MB)
T2: $82.33 (LB)
T3: $81.40 (recent swing low)
Stop Loss: $85.20 (clean break above the UB invalidates the short thesis)
Risk/Reward: Approximately 1:2 to T2
Key Levels to Watch
Level
Significance
$84.10
Upper Bollinger Band — immediate resistance
$83.22
Middle Band — current support
$82.33
Lower Band — key downside support
$81.40
Recent swing low — critical floor
$89.31
April swing high — major upside target
Summary
The bias leans cautiously bullish given the MACD crossover in progress and the recovery from $81.40. However, the upper Bollinger Band at $84.10 is the critical near-term gate — a confirmed 2H close above it opens the door to $86+, while a rejection there favors a short-term pullback to the MB or LB. Sizing should remain conservative until the MACD signal is fully confirmed and price resolves the Bollinger squeeze.
SOL1.35%
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