SOL/USDT — Advanced Profit Booking Setup
Entry Zone: $180 – $182
Position Size: ~5.5 SOL (for approximately $1,000 investment)
Take Profit Targets (TP):
TP1: $192
TP2: $200
TP3: $205–$210
Stop-Loss: $175
Well-Researched Rationale
Technical Momentum
Solana recently broke above the $192–$195 resistance range, showcasing sustained bullish momentum, with strong futures volume and rising open interest confirming buyer conviction.
Support & Indicator Strength
Intraday support now clusters between $180–$183, while SOL trades above key EMA tiers (~$173–$183), indicating a favorable technical context.
Staged Profit Approach
TP1 ($192): Tests previous ceiling—smart for partial gains.
TP2 ($200): A round number and psychological marker, often attracting price runs.
TP3 ($205–$210): Higher breakout territory, particularly if broader bullish conditions persist.
Risk Management via Stop-Loss
Placing a stop-loss at $175 offers a disciplined buffer below current support, keeping risk managed while allowing for typical volatility.