๐ LONG Setup: #SOLUSD | $SOL on 1โDay ๐ฅ
Solana is looking ripe for a strategic bullish swing on the daily timeframe. Here's a clear trade setup to consider ๐
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๐น Current Situation:
SOL is currently trading around $181โ$182 USDT
It has gained ~+2โ3% in the last 24 hours and ~11โ12% over the past week
Market shows strong daily momentum, with healthy volume and trend support intact
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๐ Why This Setup:
SOL is trending upward within a well-defined daily structure
Price action near resistance could spark a breakout rally
Layerโ1 strength remains a popular rotation theme
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๐ Entry Plan:
๐ข Breakout Entry: Enter long after a daily candle closes above $184 (recent swing high)
๐ก Pullback Entry: If that fails, look to buy dips around $175โ$178 near support
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๐ฏ Targets & Stop-Loss:
๐ Target 1: $200 โ psychological and previous resistance (~+10%)
๐ Target 2: $220 โ next resistance zone (~+20%)
๐ Target 3: $250 โ extended breakout level (~+35%)
๐ก StopโLoss: Just below daily support โ around $170โ$172 (~5โ7% risk)
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โ ๏ธ 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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๐งญ Quick Recap (List Form):
1. Watch for breakout daily close above $184 โ long entry
2. Alternate dip entry: $175โ$178 support zone
3. StopโLoss: $170โ$172
4. Targets:
๐ค๏ธ $200
๐ค๏ธ $220
๐ค๏ธ $250
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๐ฅ 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 $200โ$250. Proper stop-loss placement and patience are key.
๐ Drop a ๐ if you're watching this setup
๐ฒ Follow for daily candle updates & live trade signals!
