New Crypto Trade Alert 📈🚀️️
Token: $SOL
Direction: LONG
Leverage: 3-5x
Research: Solana has undergone a significant leverage flush, with most high-leverage long positions liquidated, bringing the price down to a key support zone. The 4-hour RSI is in the oversold region, indicating potential exhaustion of selling pressure. If buyers step in at this support, we could see a relief bounce, but confirmation is needed through volume and price action.
Entry Range: 206$ - 211.90$
Target 1: 216.90$
Target 2: 230$
Stop Loss : 194$
Enter partially and average out your buy price as long as it remains within the entry range.
The market is going to be highly volatile in the coming few days. Remember to book some profits at each target price (TP) and move your stop-loss (SL) to breakeven. Keep in mind current market conditions and risk management. Always do your own research.#solana