š LONG Setup: #SOLUSD | $SOL on 1āDay š„
Solana is looking ripe for a strategic bullish swing on the daily timeframe. Here's a clear trade setup to consider š
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š¹ Current Situation:
SOL is currently trading around $181ā$182 USDT
It has gained ~+2ā3% in the last 24 hours and ~11ā12% over the past week
Market shows strong daily momentum, with healthy volume and trend support intact
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š Why This Setup:
SOL is trending upward within a well-defined daily structure
Price action near resistance could spark a breakout rally
Layerā1 strength remains a popular rotation theme
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š Entry Plan:
š¢ Breakout Entry: Enter long after a daily candle closes above $184 (recent swing high)
š” Pullback Entry: If that fails, look to buy dips around $175ā$178 near support
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šÆ Targets & Stop-Loss:
š Target 1: $200 ā psychological and previous resistance (~+10%)
š Target 2: $220 ā next resistance zone (~+20%)
š Target 3: $250 ā extended breakout level (~+35%)
š” StopāLoss: Just below daily support ā around $170ā$172 (~5ā7% risk)
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ā ļø Risks to Monitor:
Broader crypto pullback could halt momentum
Failure to close above $184 may invalidate the breakout
Unexpected on-chain issues or sell pressure from SOL staking
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š§ Quick Recap (List Form):
1. Watch for breakout daily close above $184 ā long entry
2. Alternate dip entry: $175ā$178 support zone
3. StopāLoss: $170ā$172
4. Targets:
š¤ļø $200
š¤ļø $220
š¤ļø $250
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š„ Bottom Line:
SOL is set up nicely for a tactical long swing from the daily timeframe. A confirmed close above $184 could send it toward $200ā$250. Proper stop-loss placement and patience are key.
š Drop a š if you're watching this setup
š² Follow for daily candle updates & live trade signals!