SOL Trading Plan: Stacking Entries Like a Pro

Solana (SOL) has been in a slow uptrend over the past five days, after hitting the low at $112. The current price action looks like an ABC corrective pattern, which could mean we’re setting up for lower prices.

To get the best trade execution, we'll use a laddered entry approach, meaning we’ll scale into positions gradually instead of going all in at once. This helps us get a better average entry price while managing risk effectively. By placing orders at key levels, we increase our chances of catching the right move without overcommitting too early.

Resistance Zone ($136 - $143.80)

A major resistance zone has formed between $136 - $143.80, where price is likely to struggle. This area contains multiple technical confluences that suggest a potential reversal or strong reaction:

• $136 – 0.618 Fibonacci Retracement
  
• $140.09 – 1:1 Trend-Based Fibonacci Extension
  
• $141.40 – Anchored VWAP from the $179.85 swing high
  
• $143.80 – Point of Control (POC) from the 19-day Fixed Range Volume Profile
  

This makes $136 - $143.80 a prime area to consider short positions, especially if price starts showing weakness.

Support Zone ($102.1 - $98.50)

On the downside, a major demand zone is forming between $102.1 - $98.50, where buyers are likely to step in aggressively. This zone has multiple technical confluences, making it a high-probability long entry area:

• $102.1 – 2024 Yearly Open & Monthly Support
  
• $100 – Bullish Monthly Order Block & Anchored VWAP Support
  
• $98.50 – Final key demand zone
  

This zone presents a solid long opportunity, allowing for gradual scaling into positions as price moves deeper into support.

Short Trade Setup – Laddered Entry Approach

Instead of entering all at once, we’ll ladder into the short position gradually, starting small and increasing size as price moves deeper into resistance.

Short Entry Levels & Position Sizing



Trade Details

• Average Entry Price: $140.12
  
• Take Profit Target: slightly above $102.10 (Monthly Level)
  
• Stop Loss: slightly above $146.70 (Above POC)
  
• Risk-Reward Ratio (R:R): ~6:1
  

Long Trade Setup – Laddered Entry Approach

For the long setup, we start with small entries at higher prices and increase size as price moves deeper into support, ensuring a better average entry in a key demand zone.

Long Entry Levels & Position Sizing



Trade Details

• Average Entry Price: $102.72
  
• Take Profit Target: slightly below $120.00
  
• Stop Loss: slightly below $95.00
  
• Risk-Reward Ratio (R:R): ~2.45:1
  

Market Outlook

• Short Bias: Until price reclaims $143.80, this remains a strong resistance zone for potential short trades.
  
• Short Setup: Laddering into resistance ensures better risk management and higher average entry efficiency.
  
• Long Setup: Starting small at $112 and increasing position size down to $98.50 ensures strong positioning in a high-confluence demand zone.
  

By scaling into trades rather than committing at a single price, we increase flexibility, improve trade execution, and adapt better to price movements. 🚀

Weekly Timeframe - 200 EMA Support

• $100 coincides with the 200 EMA on the weekly timeframe, adding confluence to this area as strong support.
  

If Solana decisively breaks above $144, it would invalidate the short thesis and suggest a potential move higher toward $150. Conversely, a strong rejection from the resistance zone would likely accelerate the move toward $112 to test demand at swing low.