$SOL is trading at 137.71 USDT, and it’s in a bit of a sideways consolidation around the short-term EMAs. What we’re seeing is more selling pressure in the last 30 minutes, with a net outflow of SOL, which means there’s not enough buying momentum to push the price up significantly from here.
Here’s what you should do:
Wait for a dip: Ideally, you want to enter around 135.6 USDT. This is a key support level, and buyers have stepped in here before, so there’s a good chance we’ll see a bounce.
Set your stop loss at 134 USDT: This protects you if the market breaks down further. It’s tight enough to minimize losses but gives your trade a bit of room to breathe.
Target your exit: Your first target should be 139.8 USDT. This is the high for the past 24 hours, and there’s likely going to be some resistance here. If it breaks past this level, look for 140-142 USDT for more upside.
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