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My SOL intraday long operation plan

1. Market Overview and Technical Analysis

Currently, SOL price is quoted at $95.69, down 0.61% in 24 hours, showing a slight short-term correction. The 7-day increase is 8.22%, the 30-day increase is 14.32%, and the 90-day increase is 13.47%, indicating a clear medium- to long-term upward trend. The 24-hour high reached $96.99, and the low dipped to $93.60, with an intraday range of about $3.39. Volatility is moderate, suitable for intraday long positions.

Technical signals show a short-term correction after a strong rally. The 4-hour moving averages are in a bullish alignment (MA7 > MA30 > MA120), with an ADX reading of 35.49, indicating strong upward momentum. The 4-hour SAR is at $94.05, serving as a trailing stop for long positions; the current price is well above this level, confirming a solid bullish trend. The daily Bollinger Bands are opening upward, with bandwidth significantly above the average level, indicating increased momentum. The price is running along the upper band.

In terms of momentum indicators, the 15-minute RSI is at 63.63, the 4-hour RSI at 56.71, and the daily RSI at 66.07, all in strong zones but not overbought. The daily KDJ shows K=82.37, D=80.99, J=85.12; the high J value indicates short-term overbought pressure but not extreme. The daily CCI is at 120.64, and the WR is at -17.20, both signaling overbought conditions and a short-term correction possibility. The daily SAR is at $93.60, acting as a short-term stop-loss level; a break below may signal a trend reversal to bearish.

In volume and price, there is a sign of increased selling volume over the past 24 hours, with about $87 million in trading volume, and price declines accompanied by volume expansion, indicating profit-taking in the short term. However, the 7-day average volume is about 1.18 million SOL, which is normal and not showing extreme volume spikes.

2. News and Sentiment Analysis

Cbase added Solana lending services via Morpho on the Base network from May 12 to 13, allowing users to collateralize SOL to borrow up to $100k. Total loans have exceeded $2.3 billion. The Jito Foundation and Solana Company announced cooperation to provide institutional staking and validation infrastructure in Hong Kong, Singapore, Japan, and South Korea using Pacific Backbone. Ecosystem development and institutional adoption are accelerating, which is a long-term positive for SOL.

Market sentiment shows a Fear & Greed Index of 42, in a neutral to cautious zone. Positive social content accounts for 79%, negative 10%, indicating a very optimistic and bullish mood. Social activity remains steady, with 198 posts over the past three days, up 7% from the previous week. Focus areas include continuous institutional inflows into SOL ETFs (net inflow of about $26.57 million on May 11) and large-scale issuance of stablecoins like USDC by Circle and Tether on Solana (total billions of dollars).

3. Price Range and Key Levels

SOL is currently in a short-term correction phase within a medium- to long-term upward trend. The 4-hour and daily bullish trends are clear, but the 15-minute and daily overbought signals suggest a short-term pullback. The strategy mainly focuses on buying on dips, with caution against chasing rallies, and strict stop-loss placement.

The intraday long zones are divided into three levels:

Primary long zone: $94.00 - $94.50 — When the price retraces to this range, actively go long. $94.05 is the 4-hour SAR support, and $93.60 is the daily SAR support and the 24-hour low, forming a strong support zone. Enter long after stabilization here for the highest probability of success.

Secondary long zone: $92.00 - $93.50 — When the price dips deeply into this range, add to long positions. Around $92.00 is a previous consolidation platform; if broken, reassess the trend. Long positions here should reduce size and set strict stops.

Chasing high zone: $96.00 - $97.00 — After breaking above the previous high of $96.99, consider light chasing. Be aware of daily overbought signals; reduce position size by half, and adopt a quick in-and-out approach.

4. Specific Trading Plan

Pullback Long Positions

First Entry: When the price drops near $94.20, go long with 40% of total capital, targeting $96.00, with a stop-loss at $93.20. Expected profit about $1.80, risk-reward ratio approximately 1.8:1.

Second Entry: If the price continues to fall to around $93.50, add to long positions with 30% of total capital, targeting $95.50, with a stop-loss at $92.50. Expected profit about $2.00, risk-reward ratio about 2:1.

Third Entry: If the price dips further to around $92.50, add again with 20% of total capital, targeting $94.50, with a stop-loss at $91.50. Expected profit about $2.00, risk-reward ratio about 2:1.

Under this pullback strategy, if the first trade succeeds, daily profit is about $1.80; if the second adds profit, total daily profit is about $3.80; if all three succeed, about $5.80. The key is patience, waiting for the price to reach support levels before entering, avoiding premature chasing.

Breakout Chase

Bullish breakout scenario: If the price volume-breaks above $97.00 and stays above for more than 15 minutes, consider chasing with a position around $97.20, targeting two levels — first at $98.50, second at $100.00. Stop-loss at $96.00. The breakout offers larger profit potential but watch for daily overbought signals; reduce position size to 20%, and adopt a quick in-and-out approach.

5. Risk Control and Capital Management

Position management: maximum single position should not exceed 40% of total capital (can slightly increase for long strategies), and no more than two positions open at once (for staggered entries). Max daily drawdown should not exceed 5% of total capital. When daily profit reaches 3%, consider reducing positions or stopping trading.

Strictly enforce stop-loss rules, which include four hard rules:

1. Technical Stop-Loss — if the price falls below the 4-hour SAR at $94.05 or the daily SAR at $93.60, reduce or exit. If it drops below $93.00, confirm trend reversal to bearish and close all positions.

2. Time Stop-Loss — if holding a position for over 6 hours without reaching target, reassess the market; if momentum weakens, reduce or close positions.

3. Capital Stop-Loss — if a single loss reaches 3% of principal, stop loss unconditionally; do not hold losing positions.

4. Trailing Stop — after achieving 1% profit, move the stop-loss to break-even (cost basis); after 2% profit, move the stop-loss to 1% above the cost, locking in gains.