This Solana (SOL/USDT) scalping trade on the 5-minute chart highlights a high-probability long setup following a breakout above a key resistance level. After bouncing off the 129.12 moving average (MA) and holding support at $129.01, SOL is showing bullish continuation.
The trade plan includes an entry at $130.31, with a stop-loss set below support at $129.01 to minimize downside risk. The take-profit target is positioned at $135.94, aligning with previous resistance and liquidity zones, ensuring an optimal risk-to-reward ratio.
This setup leverages momentum trading and breakout confirmation for short-term gains. Stay updated on Solana price action, market structure, and technical indicators to refine your crypto trading strategy.
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