Buy solana for short term target 160

Solana ($SOL ) is trading at approximately $135.20. For traders considering short-term positions, it's crucial to identify key levels for entry, profit targets, and stop-losses to manage risk effectively.

Entry Point:

Given the current price, an entry around $135.20 aligns with recent support levels. This area has historically acted as a demand zone, potentially offering a favorable risk-reward ratio.

Short-Term Targets:

1. First Target: $150 – This level corresponds to a recent resistance point.

2. Second Target: $160 – Achieving this would indicate a stronger bullish momentum.

Stop-Loss:

To mitigate potential losses, consider setting a stop-loss at $130. This level has previously served as a support zone; a breach below it might signal further downside risk.

Risk Management:

It's advisable to limit exposure to 1-2% of your trading capital per position. This approach helps preserve capital and manage risk effectively.

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