๐ $SOL /USDT โ Bounce Play After Deep Dip
๐ $SOL crashed from 241 โ 190, and after a slight rebound, itโs now holding around 195. Aggressive selling met strong support at 190.80, signaling buyers stepping in. This zone could serve as a base for a recovery if momentum builds.
๐ Reason to Trade:
Price tested a major support at 190 and held.
Deep drop creates an attractive risk/reward setup for a bounce trade.
๐ Trade Setup:
Entry: 194 โ 196
Targets:
โข TP1: 205
โข TP2: 215
โข TP3: 225+ (if momentum continues)
Stop-Loss: Below 188
๐ก Why This Works:
Support at 190 is respected.
Oversold conditions after heavy fall favor a bounce.
Clear risk management: risk ~7โ8 points for potential 15โ30 points upside.
โ Strategy: Buy near support, aim for resistance levels, cut quickly if support breaks.
#SOL #CryptoTrading #Altcoins #BouncePlay