Solana $SOL at $198.27 means buying the asset directly and holding it until the price reaches your profit target. A solid trade setup starts by defining your entry zone, ideally near a strong support area where buyers have stepped in before. For example, your entry zone could be $196–$198, close to current price and technical support.

A stop loss is critical to protect your position. If entering at $198.27, you might set a stop loss at $192, slightly below support, to cap potential losses. This equals about a 3.1% downside risk. Calculating your percentage risk before entering helps determine position size and ensures consistent risk management.

By combining a clear entry zone, predefined stop loss, and percentage risk control, spot traders can trade $SOL more confidently, aiming to capture upside potential while minimizing losses in volatile market conditions. Discipline is the key to success.