$SOL
$SOL /USDT is at critical level is it breakout or continue in downtrend channel?
Market-Overview:-
Price is at upper band of downtrend channel
here its consolidating from past few hours, there is probability of potential breakout, but continuation of downtrend channel is more probable. So, we will plan for both outcomes.
Trade-Plan:-
If Bulls are in control. we can plan entry at 216 with potential targets of 228, 242 and 258. for risk management you should place stop order at 203.
And if bulls are not able to move price upwards you should short at 207 with potential targets of 199, 189, 184, and 179.
and keep stop at 214.
Tip:-
Use Trailing Stoploss for better results.
Track Actively.