📊 $SOL /USDT Trade Setup (Binance Perpetual)
Trend Overview:
SOL is showing signs of a potential reversal after a sustained downtrend. Price is currently hovering around 185.57 USDT, with tight spread between buy/sell prices (185.51/185.50), indicating low volatility and possible accumulation.
🔍 Key Levels
TypePrice Zone (USDT)DescriptionResistance188.50 – 190.00Red zone on chart; previous rejection areaSupport183.00 – 184.00Base of recent consolidationTarget Zone191.50 – 193.00Blue zone; potential breakout target
📈 Trade Idea
Entry: 185.60 – 185.80 USDT (on confirmation of bullish momentum)
Stop Loss: Below 183.00 USDT (to protect against breakdown)
Take Profit:
TP1: 188.50 USDT
TP2: 191.50 USDT
TP3: 193.00 USDT (final target if breakout sustains)
🧠 Risk Management
Apply your 1% rule for position sizing. For example, if risking $100, calculate position size so that a stop loss hit at 183.00 results in no more than $100 loss.
#MarketTurbulence #HotJulyPPI #REVABinanceTGE #DeFiGetsGraded #CPIWatch
