$SOL
SOL/USDT Long Setup โ 4H Timeframe ๐
This setup is based on a potential bullish reversal, with well-defined entry, stop-loss, and take-profit levels for a calculated trade.
๐ Entry Zone: 177 - 175 USDT
โ Price is near a key support level and the lower Bollinger Band, indicating a potential bounce.
โ RSI is oversold, increasing the chances of a reversal.
โ A breakout entry can also be considered if the price closes above 180 USDT with strong volume.
๐ป Stop Loss: 172.50 USDT
โ ๏ธ If the price breaks below this level and fails to recover, the trend may continue downward.
๐ฏ Take Profit Targets:
๐น TP1: 185 USDT โ First resistance level.
๐น TP2: 190 USDT โ Middle Bollinger Band.
๐น TP3: 198 - 200 USDT โ Strong resistance zone (ideal for partial profit-taking).
๐ Confirmation Signals:
โ RSI (6) should move above 30 for bullish momentum confirmation.
โ Look for a bullish engulfing candle or strong buying volume near 175 - 177 USDT.
Risk-Reward Ratio: ~1:3 (Ideal for a swing trade)
โก Bonus Tip: If SOL flips 180 USDT into support, it could trigger a strong uptrend towards 190+ USDT.
๐ Trade smart, set stop-loss, and manage risk!