$SOL Trading Strategy Update

🔎 Key Insight:

A long liquidation of $10.161K occurred at $216.19, indicating bulls are losing grip. However, if key support levels hold, this could be an opportunity for a rebound.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter within $214 - $217. This range represents a potential bottom where buying pressure might reappear.

2️⃣ Target Levels:

Target 1: $222 (initial resistance)

Target 2: $228 (mid-level target)

Target 3 (Stretch Goal): $235

3️⃣ Stop Loss:

Set a strict stop loss at $210 to limit losses in case the price breaks below support.

💡 Strategy Insights:

Volume Check: Look for increased buying volume near $216 to confirm interest from buyers.

Risk Management: Always use proper position sizing to manage your risk. Only risk what you can afford to lose.

Broader Market Context: Keep track of Bitcoin and Ethereum trends, as they often influence $SOL price movements.

🚨 Pro Tips for Success:

Be Disciplined: Only enter within the buy zone; avoid chasing the price outside this range.

Take Profits Gradually: Secure gains at $222 and $228 while holding a portion for the stretch goal of $235.

Stay Alert: Use alerts for $216 and $222 to monitor key levels without constantly checking.

Stay focused, manage your risks, and let the market guide your trades. Success in trading comes from sticking to your strategy and adapting when needed!

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