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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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.
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.