SOL/USDT — Tactical Short-Term Momentum Play
Entry Zone: $190 – $192
Quantity to Buy: ~5.2 SOL (for a $1,000 position)
Take Profit Targets:
TP1: $200
TP2: $210
Stop-Loss: $185
Live Price Context:
Solana is trading at approximately $192.08, with today's range spanning from $185.68 (low) to $193.44 (high).
Why This Setup Works
Key Support Held: SOL recently bounced off the mid-$180s, suggesting buying strength in the $190–192 range.
Bullish Channel & Double Bottom: Price action is forming a rising channel, with prior double-bottom support around $187 backing recent rebounds. A daily close above $200 would be a strong sign of further continuation.
Resistance Zones Ahead: Immediate resistance is expected at $200, with follow-through potential toward $211-$215 if momentum sustains.