SOL/USDT — Short-Term Profit Booking Setup
Current Market Snapshot:
Price: $203.36
Intraday High: $207.91
Intraday Low: $195.91
Trade Parameters:
Entry Zone: $200 – $204
Position Size: ~4.9 SOL (for a $1,000 position at ~$203 each)
Take Profit Targets (TP):
TP1: $218
TP2: $228
Stop-Loss: $195
Why This Setup Works — Clear & Informed
1. Technical Momentum & Breakout Potential
Solana just cleared a persistent $180 resistance and is consolidating in the $200–$204 range. A breakout above $210 could trigger a swift rally toward $218–$228.
2. Market Tailwinds & Infrastructure Strength
SOL is stabilizing around $184–$185, riding a rising price channel supported by Fibonacci levels at $170 and $218, with strong on-chain activity and network upgrades driving confidence.
3. Balanced Risk-Reward Strategy
Entry at $200–$204 gives you momentum alignment without chasing.
Stop-Loss at $195 safeguards against downside near the day's low.
TP1 ($218): ~7–9 % upside.
TP2 ($228): ~12–13 % upside—capturing breakout continuation.