A bearish setup is forming on $SOL/USDT, with the current price at $116.09. The rejection zone is between $117.00 and $118.00. Here's a potential trade plan:
- *Entry Zone*: $116.00 - $116.20
- *Take Profit (TP)*: $113.00 (key support level)
- *Stop Loss (SL)*: $117.50 (above the last swing high)
This setup offers a clean risk-to-reward opportunity. To capitalize on this trade, it's essential to stay disciplined and follow the plan. By setting clear entry, take-profit, and stop-loss levels, you can manage your risk and potential returns. Keep an eye on the market and adjust your strategy as needed.
