**🚀 SOLUSDT Trade Setup (Binance) 🚀**
**Entry Zone**: **124 - 125.20** (Long on bullish reversal confirmation)
**Stop Loss (SL)**: **122.80** (Below critical support)
**Take Profit (TP)**: **129** (Key resistance level)
---$SOL
### 📊 **Key Analysis**
1. **Price Action**:
- **Current Price**: 125.10 USDT (-2.27% today), consolidating near the entry zone.
- **Immediate Resistance**: 125.73 → 128.02 → 129 (TP target aligns with 130.00 resistance).
- **Support Levels**: 124.53 → 123.00 → 122.80 (SL level).
2. **Risk-Reward Ratio**:
- **Risk**: 2.40 USDT (125.20 entry to 122.80 SL).
- **Reward**: 3.80 USDT (125.20 to 129 TP) → **1:1.58 RR**.
3. **Technical Justification**:
- **Reversal Potential**: Entry zone targets a bounce from 124-125.20 support after a downtrend.
- **Resistance Break**: TP at 129 requires overcoming 125.73 and 128.02 resistance levels.
---
### 🚨 **Critical Notes**
- **Downtrend Context**: Current bearish momentum (-2.27%) demands cautious entry – wait for bullish signals (e.g., hammer candle, RSI divergence).
- **Resistance Challenges**: 125.73 and 128.02 are strong barriers; partial profits at these levels advised.
- **Timestamps (15:00, 18:00 UTC)**: Monitor for volatility during these periods.
---
### 🎯 **Trade Execution Plan**
1. **Entry**: Buy between **124-125.20** (ideal entry near 124 for better RR).
2. **SL**: Place at **122.80** to avoid downside risks.
3. **TP Strategy**:
- **Partial TP1**: 125.73 (secure profits).
- **Partial TP2**: 128.02 (trail SL to breakeven).
- **Final TP**: 129 (exit remaining position).
---
**🔥 Pro Tip**: Use a **trailing stop loss** after TP1 to lock in gains if momentum stalls.
**⚠️ Disclaimer**: This is not financial advice. Trade responsibly!
---