Short Entry Setup for $SOL /USDT:
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1. Coin Name:
/USDT
2. 24 Hours Change:
+5.59%
*3. Targets:
- *TP1*: 123.33 (near the 99-period moving average and recent support)
- *TP2*:120.00 (stronger support zone)
- *TP3*: 117.00 (strong level of support, potential for reversal)
*4. Entry Time*:
- *Short Entry*: Enter when the price breaks below *125.44* or if it retests *124.59* (recent support level).
*5. Stop Loss*:
- *Stop Loss*: Set stop loss at *128.43* (just above the 24-hour high), as this will be a strong resistance level.
*6. Take Profit*:
- *Take Profit (TP1)*: 123.33
- *Take Profit (TP2)*:120.00
- *Take Profit (TP3)*: 117.00
*7. Maximum Profit*:
- *Maximum Profit*: If the price hits *117.00*, the maximum potential profit is approximately *6.7%* from the entry point of *125.44*.
*8. Maximum Loss*:
- *Maximum Loss*: With a stop loss at *128.43*, the maximum loss would be around *2.4%* from the entry point of *$125.44*.
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*Risk-Reward Ratio*:
- *Risk*: 2.4%
- *Reward*: 6.7% (TP3)
This setup offers a *Risk-Reward Ratio* of *1:2.8*, providing a favorable reward relative to risk.
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Feel free to adjust the values or let me know if you'd like further help with this setup!#VIRTUALWhales