Solana is on the verge of hitting the $200 mark after breaking out. For day traders, this could be a great chance to lock in some profits.
I’m planning to wait briefly after the breakout to see if it’s just a fake breakout. If the price continues to rise, I’ll open a long position and aim to close it at $200. My stop-loss is currently set at $183 and will be adjusted based on price action, so it eventually moves intopositive territory.
What’s your take on this? Let me know!
Stay tuned, and I’ll catch you in the next one — peace!