Solana ($SOL ) trading strategy for profits with the current price:
Current Price
$268.50
Buy Strategy
1. Buy$SOL : $260 (support level)
2. Stop Loss: $255 (2% below entry)
3. Take Profit: $280 (7.7% above entry)
Sell Strategy
1. Sell: $280 (resistance level)
2. Stop Loss: $285 (2% above entry)
3. Take Profit: $260 (7.1% below entry)
Risk Management
1. Max Risk: 2% of trading capital
2. Trading Capital: $1,000 (example)
Estimated Profit
1. Long Position: $20 (7.7% of $260)
2. Short Position: $20 (7.1% of $280)
Total Estimated Profit
$40
Happy Trading
Please note that this is a simplified strategy and should not be considered as investment advice. Trading cryptocurrencies carries inherent risks, and you should always do your own research and consult with a financial advisor before making any investment decisions.