$SOL /USDT Analysis: Trade Setup 💯🔥
The $SOL /USDT pair has dropped significantly, now trading at $200.91 (-7.61%). The bearish momentum is strong, but it also presents opportunities for both long and short trades. Here's the setup:
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🚀 Long Setup
Entry: Above $207 (only if price reclaims this support level)
Target 1: $214
Target 2: $218
Stop Loss: $202
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🔻 Short Setup
Entry: Around $200-$201 (upon confirmed breakdown)
Target 1: $198.50
Target 2: $194
Stop Loss: $207
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📌 Key Tips:
1. Watch for volume confirmation before entering trades.
2. Maintain a strict risk-to-reward ratio of at least 1:2.
3. Avoid chasing trades—wait for the market to show clear signs.
4. Manage positions with discipline to minimize risk.
Stay sharp and let the market decide your next move!
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