Hey everyone! đ Today, letâs dive into a solid strategy for trading SOL, which has shown a consistent bullish trend recently. đ
SOL is currently priced at $157.97, and if you've been eyeing the movements, you might have noticed some interesting patterns. Hereâs how you can capitalize on this:
đč When SOL hits between $160 and $162, it often retraces back to around $158. This little dip presents a perfect short opportunity! đč Plan Your Entry: Keep an eye on the 15 or 30-minute charts. As soon as you see SOL starting to drop, thatâs your cue to enter. đč Leverage Wisely: Utilizing a leverage of between 60 and 75 can amplify your gains. Remember, it's all about timing and quick exits. đč Profit Targets: Set your targets for the following:
Long Position: Enter around $158 aiming for $161, $162.5, and $164 as your potential exit points.
Short Position: If entering a short near $160 or $162, aim to exit around $158.5, $157, and $155.
This strategy has been backtested over the last two months, proving its efficiency time and again. đ°âš
Letâs make the most out of these small movements to stack up gains over time. Happy trading!
