Spot: $SOL/USDT

Entry Price: 128-120
Target Price:

- TP1: 138
- TP2: 145
- TP3: 152
Stop-loss price: below 119

Reason for purchase:

1. Shape Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 138), with a bottom depth of 12.7 (119-131.7)
- Measure of increase = Bottom depth × 1.618 = 20.6 → Target price 3 = 119 + 20.6 = 139.6 (actual take integer 152)
2. Trend Structure:
- The weekly level breaks the downward trend line for 2024 (connecting 152 to 145), and the price is above MA(50) 124.
- RSI(14)=48 (neutral to bullish), MACD green bars shortening indicates a weakening of bearish strength.
3. Breakthrough Potential:
- Break above 138 to open up space for 152+ upward movement.
- If an effective breakout occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- Funding rate +0.185% (positive for 3 consecutive days), futures open interest exceeds 1.2 billion USD
- On-chain data: Exchange net flow -82,000 coins, whale holdings increased by 25%.

Strategy Highlights:

- Incremental position building mechanism: The first position is established at 131.7 (Fibonacci 38.2% retracement level), and the second position is added at 120 (MA200 support), with an average price controlled at 124.
- Volatility compression: The Bollinger Bands bandwidth has shrunk to 1.2% (the lowest in the past 30 days), and the breakout direction may bring a single-day volatility of 15%+
- Time window: Valid for 1 day, in line with market expectations for the Solana ecosystem DeFi locked assets to break historical highs.

Risk warning:

- Strictly implement a 119 stop loss to prevent falling below the weekly level ascending trend line (115)
- Take profit in stages: 30% position at 138 (neckline level), reduce position by another 50% at 145 (psychological barrier)

This content is for reference only and does not constitute investment advice.