Trade Setup for $SOL /USDT
Entry: 127
Stop-Loss (SL): 121
Take-Profit (TP): 135
Risk-Reward Ratio (RRR): 1.33 (8 points TP / 6 points SL)
Trade Plan:
Position Size: Adjust based on risk tolerance, ensuring no more than 1-2% of total capital is risked.
Execution: Enter at 127 with a stop loss at 121 to protect against further breakdowns.
Exit Strategy: Close at 135 for a decent profit, or trail the stop-loss if the momentum is strong.
Risk Factors:
If SOL breaks below 125 convincingly, it may signal further downside, invalidating the trade.
Market Sentiment & Volume: Monitor volume and sentiment; a reversal pattern could indicate an early exit.
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