Solana ($SOL ) Trade Setup – Long Position
Trade Details:
Entry Price: $135 (Buy)
Stop-Loss (SL): $110 (Risk: $25)
Take-Profit (TP): $150 (Reward: $15)
Risk-Reward Ratio: 1:0.6 (Risking $25 to gain $15 – not ideal)
Trade Type: Long (Buy)
Trade Execution:
Buy SOL at $135.
Set Stop-Loss at $110 to protect against further downside.
Set Take-Profit at $150 to secure gains.
Monitor Resistance at $160, as it may act as a barrier.
Risk Considerations:
Downtrend Risk: Since SOL has broken support at $178 and could fall to $118 or lower, a long position is riskier.
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