I observed SOL and plan to go long near 165.7.
SOL has followed the market and experienced a significant decline, with a considerable retracement. From the intraday trend, there is a slight rebound trend.
When the price reaches this second low position, a long position can be taken to seize a rebound opportunity.
The stop-loss is set at 162, and the target price is 177.
This setup gives a very advantageous risk-reward ratio, and if successful, the profits will be quite substantial.
There will still be data tonight that can affect the market, so after entering the position, pay close attention to market changes.
