$SOL USDT Futures Trade Signal! 🔥💯
Entry: 230.50 - 232.00
Stop-Loss: 225.50
Target 1: 235.00
Target 2: 238.50
Target 3: 242.00
Market Analysis:
SOLUSDT is showing signs of a potential recovery after finding support around 226. The price has bounced back and is attempting to establish a higher low, indicating a possible short-term bullish reversal.
Confirmation Factors:
1. The recent sharp decline found strong buying interest, leading to a quick rebound.
2. If SOL sustains above 230, it could push towards the 235-238 resistance zone.
3. A break above 238 could accelerate bullish momentum toward 242.
Risk Management:
This setup offers a risk-to-reward ratio of approximately 1:3, making it a favorable trade. A stop-loss at 225.50 ensures risk is controlled while allowing room for price fluctuations.
Trade Execution Strategy:
• Enter the trade within the 230.50 - 232.00 range.
• If the price crosses 235, consider moving the stop-loss to breakeven.
• Secure partial profits at each target level and let the trade run if momentum remains strong.
Final Note:
Monitor price action closely and adjust your strategy accordingly. A strong rejection near resistance could indicate weakness, requiring an exit or a revised setup.
![](https://bin.bnbstatic.com/image/admin_mgs_image_upload/20230404/b2f0c70f-4fb2-4472-9fe7-480ad1592421.png)
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