$SOL
Chart Summary:
Current Price: 191.77 USDT
Recent High: 195.15 USDT
Recent Low: 184.80 USDT
Trend: Short-term uptrend, with a small pullback from resistance
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✅ Long (Buy) Setup
Entry: 190.50 – 191.20 USDT (wait for bullish confirmation)
Stop Loss: 188.50 USDT (below recent structure support)
Take Profit Targets:
1. TP1: 195.00 USDT (recent high/resistance)
2. TP2: 197.50 USDT (next breakout level)
3. TP3: 200.00 USDT (psychological resistance)
📌 Reasoning:
Price is in a short-term uptrend.
The price made higher highs and higher lows.
Pullback after hitting 195.15 seems healthy; now forming a possible bullish flag or consolidation.
The 190.50–191.20 zone has shown buyer support recently (demand zone).
RSI and volume (if analyzed further) would likely support continuation.
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❌ Short (Sell) Setup
Entry: 188.00–188.50 USDT (if price breaks down from current structure)
Stop Loss: 190.80 USDT (above structure resistance)
Take Profit Targets:
1. TP1: 184.80 USDT (previous low)
2. TP2: 182.00 USDT (support zone)
3. TP3: 179.50 USDT (next structure support)
📌 Reasoning:
If price fails to reclaim 192 and breaks below 188.50, it would confirm a trend reversal on short timeframe.
Could indicate double top at ~195 region and formation of a lower high.
Would show bearish momentum in short term.
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🔄 Summary Table:
Position Entry Stop Loss Targets Reasoning
Long 190.50–191.20 188.50 195 / 197.5 / 200 Bullish trend continuation
Short 188.00–188.50 190.80 184.8 / 182 / 179.5 Breakdown from structure / lower high
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⚠️ Important Notes:
Use confirmation candles like bullish engulfing (for long) or bearish engulfing (for short).
Stick to position sizing and risk management (1-2% risk per trade).
This is based on the 15-min chart, suitable for scalping or short-term intraday trades.