$SOL Update – Trade Setup & Market Outlook
📊 Current Market Overview:
SOL is trading near 225.4, presenting a potential buy opportunity. However, market conditions remain risky, so proper risk management is essential.
📈 Trade Setup (Spot/Futures):
• Entry: Now or around 225.4
• Take Profit (TP):
• 234 – First resistance & potential breakout level
• 240 – Extended target if momentum continues
• Stop Loss (SL): 221 – Below key support to minimize downside risk
⚡ Market Analysis & Strategy:
• SOL is attempting to regain bullish momentum, but resistance above 234 needs to be cleared for further upside.
• If price holds above 225, we may see gradual movement toward 234–240.
• A break below 221 could invalidate the bullish setup, leading to potential downside risks.
⚠️ Risk Management:
• Use low margin to manage exposure in this volatile market.
• SL is mandatory to avoid unexpected losses.
• Monitor price action closely before scaling positions.
Stay patient and stick to the plan!
