$SOL

1. Entry Point

Current Price: $178.84

The recent bullish move peaked at $180.00 and retraced to test support near the MA(25) ~$175.19. It has bounced back and is consolidating just below resistance.

A good long entry would be:

Entry Zone: $177.50–$179.00, ideally buying dips near $177.50, which is close to the 7-period MA support.

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2. Stop-Loss Placement

Place your stop-loss below the support zone, slightly under the 25 MA and previous consolidation base:

Stop-Loss: $174.20

This protects against a breakdown below both the MA(25) and the recent bullish structure.

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3. Take-Profit Targets

Given the strong upward momentum and resistance test at $180:

TP1 (conservative): $180.50 – Just above the recent high.

TP2 (moderate): $183.00 – Assuming continuation beyond resistance, next psychological level.

TP3 (aggressive): $186.00–$188.00 – If strong volume and momentum persist.

Use a trailing stop after TP1 is hit to secure gains and ride the trend.

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Summary (Spot Trading Setup)

Entry: $177.50–$179.00

Stop-Loss: $174.20

Take-Profit: TP1 $180.50, TP2 $183.00, TP3 $186–188

Risk/Reward Ratio: Approximately 1:2 or better, depending on entry/exit.