SolanaShortTrade

$SOL one-day trade with medium risk, I'll analyze the chart for a short position.

### Analysis:
- **Trend**: The price has shown a strong uptrend from $96.58 to $191.81 but is now pulling back, suggesting a potential correction.
- **Support/Resistance**:
- Resistance: $191.81 (recent high).
- Support: Around $158.56 (previous consolidation zone).
- **Risk Level**: Medium risk implies a balanced reward-to-risk ratio, typically around 2:1.

### Short Trade Setup:
1. **Entry Point**:
- Enter the short at the current price of $176.91. The pullback from the recent high and the bearish momentum (2.09% drop) support this entry.

2. **Take Profit (TP)**:
- Target the next support level at $158.56. This gives a profit of $176.91 - $158.56 = $18.35 per SOL.

3. **Stop Loss (SL)**:
- Place the stop loss above the recent high at $191.81, rounded up to $192.00 for safety. This gives a risk of $192.00 - $176.91 = $15.09 per SOL.

### Reward-to-Risk Ratio:
- Reward: $18.35
- Risk: $15.09
- Ratio: $18.35 / $15.09 ≈ 1.22:1. For medium risk, this is acceptable, though slightly below the ideal 2:1.

### Summary:
- **Entry Point**: $176.91 (short)
- **Take Profit**: $158.56
- **Stop Loss**: $192.00
- **Reward-to-Risk**: 1.22:1

#SolanaShortTrade #MarketPullback #DinnerWithTrump #solana

Note: Cryptocurrency markets are highly volatile. Monitor the trade closely, as one-day trades can be affected by sudden news or market movements. If you need real-time data or further analysis, I can search for additional information.