Solana performed as anticipated, experiencing a bearish correction with a back test around 180, followed by a retracement to 175, and finally stabilizing in the range of 160 to 165. I'm confident that initiating a long position from this point is reasonable. Yesterday's market activity mainly involved a liquidity shakeout, resulting in the destruction of many long positions, but that phase has passed. If I were to engage in a Solana trade, I'd consider:
Entering a long position with 10x leverage.
Setting a stop loss at 162.
Targeting take profits at 170, 173, and 175.
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