Technical analysis by Countermeasure1 about Symbol SOL: Buy recommendation (5/27/2025)

SOL and many other crypto coins often react at pivot points. I use 1-year (Thinnest), 2-year (medium), and 3-year (Thickest) pivot points for trade entries and targets.For this trade, the negative linear regression trend on the 2-day is ending as the yellow line at the bottom of the linear regression trend has terminated as it approaches the middle moving average in the Fibonacci Bollinger band. Typically, I would enter trades in the bottom half of the Bollinger band area but SOL is in such demand it rarely ever gets below the mid point.You can see that SOL heavily reacts to the 2-year pivots as indicated in the circled areas. I am using this as my entry with a target of $267, which is the next resistance level of the 2-year pivot points. Setting a stop loss at $150 just below the 3-year pivot and the Bollinger MA which are acting as support and should move price upward on any retracement from current levels.