Solana ($SOL ) Daily Trade Setup – Medium Risk Strategy.
**Current Price:** \$178.69
**24h Change:** +1.37%
**Chart Overview:**
Solana has shown strong bullish momentum since rebounding from the \$96.58 low in early April. It recently hit a local high at **\$184.72** and has retraced slightly, now consolidating just below that level. Support is visible around **\$156.81**, with strong upward trend continuation.
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**Trade Setup**
* **Entry Point:**
Enter around **\$176–\$178**, ideally during a slight dip or if volume confirms strength.
* **Take Profit (TP):**
Target **\$186–\$188**, slightly below the resistance at **\$189.12** to secure profits before any major rejection.
* **Stop Loss (SL):**
Place stop around **\$169**, just under recent higher low levels to protect against short-term breakdowns.
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**Risk-Reward Estimate:**
* **Risk:** \~\$9
* **Reward:** \~\$8–10
* **R\:R = \~1:1**, acceptable for day trade with a medium risk profile.
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**Trade Notes:**
* Watch for a breakout above **\$184.72** with volume as a bullish continuation signal.
* If price struggles near resistance, consider partial profit-taking.
* Keep an eye on broader crypto market trends, especially BTC and ETH, as they can influence SOL’s movement.
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