SOL Analysis - Anticipating Correction and Long Position Plan!
📈 Price Movement:
Rejection: SOL was rejected around $120 last week.
Retracement: Since then, it has retraced to the current trading price of around $107.00.
Support Level: The $105.00 level is holding as support.
💼 Trading Plan:
Potential Correction: Anticipating further market correction in the next week, possibly testing the bottom range level of support at around $94.50.
Long Position: If the price retraces to $94.50, considering a long position.
Profit-Taking: Plan to take profit in the $140 – $150 resistance area.
Risk Management: Set a stop-loss just below $90.00 to manage potential losses.
🔄🔍 Note: Keep an eye on market developments and adjust the plan accordingly. 🚀💡
#SOL #CryptoTrading #PriceAnalysis 📊📌
Rejection: SOL was rejected around $120 last week.
Retracement: Since then, it has retraced to the current trading price of around $107.00.
Support Level: The $105.00 level is holding as support.
💼 Trading Plan:
Potential Correction: Anticipating further market correction in the next week, possibly testing the bottom range level of support at around $94.50.
Long Position: If the price retraces to $94.50, considering a long position.
Profit-Taking: Plan to take profit in the $140 – $150 resistance area.
Risk Management: Set a stop-loss just below $90.00 to manage potential losses.
🔄🔍 Note: Keep an eye on market developments and adjust the plan accordingly. 🚀💡
#SOL #CryptoTrading #PriceAnalysis 📊📌
