Trade Setup: SOL Long Position
Market Context:
SOL is currently trading at resistance, and a small retrace is expected, providing a better level to enter into a trade.
Trade Setup:
Entry: Enter a trade at a retest of the $145 - $150 area of support.
Take Profit:
First target: $163.50 - $176.00
Second target: $188.50 - $200.00
Stop Loss: Place the stop loss just below $135 to allow for some volatility.
📊 Keep an eye on the price action and be ready to adjust the entry based on market conditions. #SOL #CryptoTrading #TradeSetup 🎯
SOL is currently trading at resistance, and a small retrace is expected, providing a better level to enter into a trade.
Trade Setup:
Entry: Enter a trade at a retest of the $145 - $150 area of support.
Take Profit:
First target: $163.50 - $176.00
Second target: $188.50 - $200.00
Stop Loss: Place the stop loss just below $135 to allow for some volatility.
📊 Keep an eye on the price action and be ready to adjust the entry based on market conditions. #SOL #CryptoTrading #TradeSetup 🎯
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.