$SOL 🪧The price is stabilizing
around 156 USD after a slight decline, showing strength near the support area of 154 USD. With higher lows forming and growing bullish sentiment, the pair seems ready for another attempt towards resistance levels above 160 USD. Keep a close watch for any breakout above 158 USD to trigger momentum.
Trading Position (Buy):📊
Entry Price: 155.00 - 157.00 USD
Target 1: 160.50 USD
Target 2: 164.00 USD
Stop Loss: 152.80 USD
Why Buy?
Buyers are defending key levels, and the price is stabilizing after a short correction. If the price closes $SOL above 158 USD on the hourly chart, it confirms the continuation of the bullish trend. Booms in trading volume and support from the exponential moving average indicate increasing strength towards the upside.
Risk Management Advice:
Place a stop loss (SL) below the recent wick areas to avoid shakeouts. Use trailing stop loss orders as the price moves towards TP2 for optimal profits.
Don't let this breakout pass you by - enter smartly and exit wealthy!
Capitalize on momentum before it fades - profits favor the brave!
