#StopLossStrategies #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.

Risk-Reward Ratio: 1:2

This trade setup offers a favorable risk-to-reward ratio, ensuring that the potential reward outweighs the risk, following sound