SOL/USDT — Short-Term Profit Booking Setup
Entry Zone: $180 – $182
Quantity to Buy: ~5.5 SOL (for a $1,000 position)
Take Profit Targets:
TP1: $190
TP2: $200
Stop-Loss: $175
Live Price Snapshot:
Solana is currently trading around $181.18, down approximately 5.7% intraday, with an intraday high of $195.33 and low of $180.36.
Rationale:
Support Proximity: The $180–$182 zone reflects recent support and aligns with Barchart’s first support at ~$179.65.
Resistance Zones: Notable resistance lies at $193–$195—a break above this could pave the way to $200 and beyond. Analysts estimate a potential rally toward $210–$218 with strong momentum.
Bearish Risk: Solana recently broke below its neckline at $182.89, with bearish signals (MACD crossover, AO flip) raising the possibility of a move toward $172–$165.
Using a $175 stop-loss protects against deeper downside while positioning for a measured upside move.
