SOL/USDT Short-Term Trade Summary (1–2 hours)
Entry Point:
Buy around $147–148 if price bounces above 7-MA or shows bullish candle near support.
(Support: $145–147 zone, above 99-MA)
Stop Loss:
Set at $142, just below support to limit 5% loss on $100 portfolio.
Take Profit:
Target $157, near recent high. Offers ~2× reward vs. risk.
Why This Trade?
Price rebounded from $140.32 forming a “V” pattern
99-MA is rising, acting as support
Watch for volume increase to confirm bounce
Risk/Reward is favorable (1:2)
Simple, low-risk trade setup based on support, moving averages, and volume confirmation.