$SOL
A potential trading plan for SOL/USDT can be derived.
Entry: The Chart indicates that SOL is holding above the $175 support zone and is trading at $183.16. The entry point is based on this strength and resilience. A suitable entry would be around the current price of $183.
Take Profit (TP) Levels: three upside targets. You can choose to take profit at one or more of these levels.
TP1: $185
TP2: $190
TP3: $195 (extended target)
Stop Loss (SL): The analysis states that the bullish structure is valid "as long as $175 holds." Therefore, a logical stop loss would be just below this key support level. A safe stop loss would be around $174.50. This ensures that if the price falls below the key support, your position is closed, limiting potential losses.
