$SOL
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Trading Advice
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Bearish
$SOL Short Trade Setup
Zone to Enter Short: The highlighted red zone around $136-$138 acts as a strong resistance level. This is a potential area to enter a short position.
Reasoning: Price has previously rejected this level, indicating a possible supply zone.
Target: Aim for an 8% profit, taking partial profits in 4 stages to manage risk.
Risk Management: Use a tight stop-loss above the resistance zone to minimize losses if the trade goes against you.
Zone to Enter Short: The highlighted red zone around $136-$138 acts as a strong resistance level. This is a potential area to enter a short position.
Reasoning: Price has previously rejected this level, indicating a possible supply zone.
Target: Aim for an 8% profit, taking partial profits in 4 stages to manage risk.
Risk Management: Use a tight stop-loss above the resistance zone to minimize losses if the trade goes against you.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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