#StopLossStrategies SOL/USDT Short Trade Setup – Strategy Breakdown:
This setup identifies a potential short entry on Solana (SOL) against USDT, based on technical analysis of price action and key resistance zones.
Entry Zone: $116.00 – $116.20
This range is where we anticipate a potential retracement. Look for a price bounce into resistance to enter your short position.
Take Profit (TP): $132.00
This level is where the trade could move downward from the entry point, offering an opportunity to lock in profits.
Stop Loss (SL): $119.50
Set your stop just above critical resistance to protect your position in case the market moves against you.