SOL Long Trade Setup
Current Situation:
Price Level: SOL recently pumped and is now trading at the top of the range area of support around $170, providing a potential entry point for a long trade.
Trade Strategy:
Entry Point: Enter a long position at the current support level of $170.
Take Profit Targets:
First Target: $190 – $210
Second Target: $240 - $260
Stop Loss: Set just below $160 to manage risk.
Summary:
SOL's recent price action has positioned it at a strong support level of $170, making it an ideal point for a long trade. The take profit targets are set at $190 – $210 and $240 - $260, with a stop loss just below $160 to protect against potential downside.
Price Level: SOL recently pumped and is now trading at the top of the range area of support around $170, providing a potential entry point for a long trade.
Trade Strategy:
Entry Point: Enter a long position at the current support level of $170.
Take Profit Targets:
First Target: $190 – $210
Second Target: $240 - $260
Stop Loss: Set just below $160 to manage risk.
Summary:
SOL's recent price action has positioned it at a strong support level of $170, making it an ideal point for a long trade. The take profit targets are set at $190 – $210 and $240 - $260, with a stop loss just below $160 to protect against potential downside.
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