$SOL USDT BULLISH BREAKOUT IMMINENT!
trade analysis 💥🚨
Key Levels:
- Current Price: $194.15
- Support Levels:
- $193.88
- $171.53
- $148.04
- Resistance Levels:
- $210.25
- $272.46
- $338.30
- $373.13
- $423.07
Trade Setup:
Long Entry:
- Entry Point: $202.19 (above current resistance)
- Take Profit (TP) Targets:
- TP1: $272.46
- TP2: $338.30
- TP3: $373.13
- TP4: $423.07
- Stop Loss (SL): $171.53 (below support)
Risk Management:
- Risk/Reward Ratio: Aim for at least 1:3
- Position Size: Use only 1-2% of your trading capital per trade to manage risk effectively.
Summary:
We are looking for a long trade on $SOLUSDT due to the bullish momentum indicated by the recent price action. The price is currently consolidating near the support lead to significant upward movement towards the higher resistance levels. This setup offers a favorable risk/reward ratio, making it an attractive opportunity for traders.