๐ #$SOL SOL/USDT Trade Setup โ Solana +3.18%! Is Lift-Off Coming? ๐๐
Solana ($SOL) has seen a solid +3.18% uptick, catching the attention of momentum traders. After a steady pullback, it may be setting the stage for its next move. Here's a detailed trade setup to consider:
๐น Entry Zone:
Enter between $150.00 โ $152.50
Ideal buy zone following a healthy retracement. Wait for confirmation to avoid false breakouts.
๐ Stop-Loss:
Set a tight stop at $145.00
Keeps risk limited if momentum fades.
๐ฏ Profit Targets:
Target 1: $160.00
Lock in partial profits and move stop-loss to breakeven.
Target 2: $170.00
Mid-term resistance level โ reassess market strength.
Target 3: $185.00
Strong breakout target if momentum continues ๐
๐ Risk/Reward Ratio:
Approximately 3:1 โ Favorable setup with a balanced risk profile.
๐ Strategy Notes:
Look for increased volume to confirm bullish intent.
Best suited for swing traders aiming to catch short- to mid-term moves.
Donโt chase the price โ wait for a pullback into the entry zone.
