๐ Analysis:
Upper Range Support: SOL is currently at the upper range level of support.
Entry Point: Consider entering a long spot position upon a break above the $140 level, confirmed by an open and close of a 4HR candle above that level.
Profit Targets: Target profits at $165 - $180 or $200 - $220 resistance levels.
Risk Management: Set a stop-loss just below $128 to control potential losses.
๐ Trading Strategy:
Entry: Long position initiated upon break and confirmation of the $140 level.
Targets: Take profits at identified resistance levels.
Risk Control: Maintain tight risk management with the specified stop-loss.
๐จ Note: Volatility remains high; monitor the market closely and adjust strategies accordingly! ๐๐ #SOL #LongTrade #CryptoAnalysis ๐๐
Upper Range Support: SOL is currently at the upper range level of support.
Entry Point: Consider entering a long spot position upon a break above the $140 level, confirmed by an open and close of a 4HR candle above that level.
Profit Targets: Target profits at $165 - $180 or $200 - $220 resistance levels.
Risk Management: Set a stop-loss just below $128 to control potential losses.
๐ Trading Strategy:
Entry: Long position initiated upon break and confirmation of the $140 level.
Targets: Take profits at identified resistance levels.
Risk Control: Maintain tight risk management with the specified stop-loss.
๐จ Note: Volatility remains high; monitor the market closely and adjust strategies accordingly! ๐๐ #SOL #LongTrade #CryptoAnalysis ๐๐
