SOL has three upward target levels: 243, 255, and 277.
The first two are key structural resistance levels, while the last one corresponds to a large sell order on the order book.
My plan is to take small profits when the price reaches these target levels, while gradually moving the stop loss below the EMA55. This way, I can lock in some profits while also following the trend, allowing the position to extend in a larger space.
As long as the price does not fall below the EMA55, I will continue to hold, believing that there is still an opportunity for the market to touch higher target levels.
In other words, when the price hits the target, I will cash out a portion; if the trend remains intact, I will keep the position. This allows me to capitalize on phase profits while also grasping the potential of the trending market.