This strategy trades SOL on the 1 hour chart, buying breakouts from a Bollinger Band squeeze, with a stop at the middle band and a 2R take profit before trailing the rest.
3 months tested, 35% win rate, average 0.22R, max drawdown 2.7%. SOL, 1h candles. Past results do not guarantee future results.
The rules
Setup
Lane (first to light up)
crypto
Instrument(s)
SOL-USD
Primary timeframe
1h
Trigger
Pullback definition
Bollinger Bands 20 period, 2 standard deviations; band width at lowest in 50 bars
Entry
Entry trigger
Candle closes above upper band with rising volume
Stop
Initial stop
Middle band
Exit
Trailing stop method
Trail with middle band
Profit target (optional)
2R
Risk
Risk per trade
0.5%
Daily loss limit / kill switch
2%
Strengths
Uses a clear squeeze condition based on 50-bar lowest band width, which can filter out low-volatility chop.
Defines a fixed stop at the middle band and a 2R target, giving a concrete risk-reward structure.
Includes position sizing at 0.5% risk per trade and a daily loss cap, which helps control drawdowns.
Risks
A close above the upper band can be a false breakout, especially in a ranging market, leading to quick stops at the middle band.
The 2R target may be hit rarely if the trend is weak, and trailing with the middle band can give back profits during sharp pullbacks.
Squeeze breakouts on a 1 hour chart can be noisy, and the 50-bar low width may occur during a period of low volatility that precedes a large move in either direction, not necessarily up.
Source
A JustWavey pick: a well known public strategy, written out in plain words by the JustWavey team.
Version history
Version
Saved
Changed boxes
1
2026-10-17
First version
You could lose all of your money, and we do not guarantee any refunds, explanations, or funding.