$SOL
In the last trading session, I decided to follow the movement of the SOL coin after I saw strong technical signals on the hourly timeframe. There was a bullish crossover between the 50 and 200 moving averages, so I started monitoring the entry point at 168. I entered the trade with 50% of the capital after confirming the breakout upwards, and indeed there was a quick rise to 174. I used a simple stop loss at 166, and thank God the trade succeeded and achieved a profit of about 3%.
What I liked about SOL is that its movement is clear and fast, but one must stay focused and keep an eye on the news as well.
Tip: Always mix technical and fundamental analysis before entering any trade.
#Crypto