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SOL/USDT Short Trade Setup – Strategy Overview:
This setup targets a potential short opportunity on Solana (SOL) against USDT, based on expected price action and resistance levels.
Entry Zone: $116.00 – $116.20
This range represents a potential retracement area where short positions can be opened, ideally after a bounce into resistance.
Take Profit (TP): $132.00
This is the target level where you can close the trade for a profit, anticipating a move downward from the entry zone.
Stop Loss (SL): $119.50
A protective stop just above key resistance, minimizing losses if the trade goes against you.
Risk-Reward Ratio: Approximately 1:2
A favorable ratio that aligns with solid risk management principles — risking less than you stand to gain.
This setup is ideal for traders expecting a short-term rejection from resistance. Always adjust levels based on real-time market conditions and your personal risk tolerance.
Let me know if you want this adapted for different timeframes or technical indicators!