SOL/USDT Trade Plan & Strategy
📉 Market Analysis:
The 4-hour chart for SOL/USDT shows a recent downtrend, with the price consolidating near $191 after rejecting the $230 resistance level earlier. The price is currently testing support near $188–$190, with a potential bounce or further breakdown depending on market sentiment.
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Trading Strategy
1. Scalping Setup (Short-Term):
👉 Entry: Buy near $190 support if there’s bullish confirmation (e.g., green candles or high volume).
👉 Target: $200–$205 (previous resistance zone).
👉 Stop Loss: Below $187 to protect against further downside.
2. Swing Trade (Medium-Term):
✅ Bullish Plan:
Enter above $200 if the price breaks out with strong momentum.
Targets: $210 and $220.
Stop Loss: Below $195.
✅ Bearish Plan:
Short below $188 if the price breaks down.
Targets: $180 and $175.
Stop Loss: Above $192.
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Key Levels to Watch
Support: $188–$190.
Resistance: $200, $210, $220.
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Indicators to Use
📊 RSI: Watch for oversold levels near support and overbought levels near resistance.
📊 Moving Averages: Use 50 EMA and 200 EMA for trend confirmation.
📊 Volume: Rising volume near $190 may signal a potential bounce or breakdown.
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Risk Management
🎯 Risk only 1–2% of your capital on each trade. Adjust position sizes based on stop-loss levels to manage risk effectively.
This plan is flexible for both bullish and bearish scenarios. Stick to the strategy and adapt as the market unfolds.
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