Current Market Context:
The market is experiencing a significant upward movement, and SOL is positioned well within a favorable buy zone.
Trade Strategy:
Entry: Initiate a trade at the break of the top of the range support level at $170.00. This level is a key indicator of potential bullish momentum.
Take Profit: Set take profit targets within the $200 - $220...
Trade Overview:
BTC's sharp reversal off support has uplifted the overall market, presenting a potential opportunity to go long on bullish altcoins like SOL, currently resting on support.
Trade Setup:
Entry: Enter the trade at $142.00.
Take Profit: Consider taking 25% profit at $150 and the remaining balance at $160 - $170.
Stop Loss: Set the stop loss just...
Trade Overview:
SOL appears promising for a spot long trade, being one of the fastest Layer 1 blockchain platforms. Its performance potential during the current bullish market phase is notable.
Trade Setup:
Entry: Consider entering the trade around $141.
Take Profit: Aim for profit targets at $160 - $170 and the next resistance area at $200 - $220.
Stop Loss:...
Observation:
SOL faced rejection at $160 and retraced to a supportive zone. Potential correlation with BTC's performance.
Trade Setup:
Entry: $126 - $140.
Take Profit: $160 - $170 or $200 - $220.
Stop Loss: Tight below $120 or BTC's $60,000 support loss.
🚨 Risk Management:
Trade is against BTC's downtrend on higher time frames.
Monitor BTC closely; any loss of...
