As of January 29, 2025, Solana (SOL) is trading at approximately $234.81.
Entry Price:
$230.00 - $240.00
Targets:
TP1: $250.00
TP2: $275.00
TP3: $300.00
Stop Loss:
$220.00
Market Insights:
Solana reached an all-time high of approximately $295.83 on January 18, 2025.
The recent price correction has brought SOL to a key support level around $230.00, which may serve as a foundation for a potential rebound.
Bullish Setup:
Maintaining support above $230.00 suggests potential for further gains toward $250.00 and beyond.
A breakout above $240.00 could confirm momentum toward higher targets.
Pro Tip:
Consider taking partial profits at TP1 and TP2, and adjust your stop loss to breakeven after reaching TP1 to secure gains and manage risk effectively. 🚀
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Bullish
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🔑 Entry: 0.2447 🚀 Take Profit: 0.2902
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📊 Key Levels:
Entry: 0.2447
Target: 0.2902
Risk/Reward: Perfect!
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In the current situation, it might be wiser to wait for a clear breakout above resistance (for a long) or below support (for a short) to avoid being caught in a sideways market.