Monitoring the price reflection of stock $SOL - Entry from the dip area❗❗❗🚀🚀🚀 The price of stock $SOL
L has bounced from its local low at $170.36 and is now trading at $172.95. Although it is down -1.41% for the day, it is showing early signs of a short-term reversal on the 15-minute chart.
Trading Setup:
• Entry Area: $172.50 - $173.10
• Take Profit Point 1: $174.80
• Take Profit Point 2: $177.30
• Stop Loss: Below $169.90
Why Buy?
• A strong wick at $170.36 shows buyer defense.
• A rebound forming higher lows.
• Increasing trading volume on green candles.
• Favorable bounce conditions as the daily high approaches $178.33.
Key Level: If the price clearly breaks above $173.20 with trading volume, it may quickly retest the $177 level or higher.