$SOL
Trade Alert🚨
SOL is currently trading at $107.81 and showing signs of indecision after a recent pullback from $113. RSI is near 38, suggesting it’s nearing oversold territory. This could lead to a bounce — but caution is key.
📌Trade Setup (15-min chart)
• Entry 1: $108.20 (confirmation of bounce from support)
• Entry 2: $104.80 (if price breaks below support for short setup)
• Take Profit 1: $111.00
• Take Profit 2: $113.00
• Stop Loss: $103.30 (to limit downside risk)
• Simple risk-to-reward: 1:2 (low risk, medium reward)
📌Reason for this setup: SOL is sitting right above the 100 and 200 MA support zone, and RSI indicates possible buyer interest soon. Watch closely — a breakout or breakdown can happen quickly from here.
📌Always use proper risk management.These setups are shared for educational purposes and not financial advice.
📌Disclaimer: This trade setup is provided by IgniteX and is for educational purposes only. Do your own research before making any trading decisions.
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