SOL RSI Hook 5x

Thesis

Trades SOL perpetuals on Hyperliquid at 5x, buying an oversold RSI reversal and closing on layered profit targets and stop-losses.

Strategy

• RSI hook entry: Enter when a 15-minute candle closes with RSI crossing back up through 31, unless SOL fell more than 4% in the prior 30 minutes. • Profit targets: Take +3% anytime, +2% within 15m, +1.25% after 30m, +0.75% after 12h, or RSI over 65 after 1h. • Stops: Stop out at -2.5% anytime or -1.5% after one hour, with a 30-minute cooldown after a stop-out.

Exposure

• Holds: Long SOL perp — A USDC-settled long SOL perpetual using full collateral per trade. • Venue: Hyperliquid — SOL perpetuals on Hyperliquid, USDC-settled. • Leverage: 5x — A roughly 20% adverse move liquidates; the -2.5% hard stop and -1.5% one-hour stop exit long before that. • Costs: Fees and funding — Hyperliquid trading fees on each order and funding on the open long. • Data: api.hyperliquid.xyz — 15-minute candles, mids and account state for order readiness, read directly from Hyperliquid. • On unwind: Position closes — Unwind closes the session's SOL perpetual with a reduce-only order, skipping sizes under the $10 minimum.