#SOLđ„đ„đ„đ„ WHAT DO I DO WITH BLUE CANDLES?
Current price: 149.8
Entry Point
- Suggested purchase price: Around $147-149, buy when there is a small price correction.
- Reason: Expectations for ETF Solana and exciting activity in the ecosystem support the price.
Sell/Profit Target
- Suggested selling price: About $176, at resistance point based on technical analysis.
- Reason: This level is likely where investors will take profits, based on the recovery pattern that is forming.
Stop-Loss
- Suggested stop loss price: Around $143.5, below the support level of the 20-day moving average.
- Reason: This point helps minimize risks if the market reverses.
Note
- Risk management: Only use a small portion of your budget to enter orders, because the cryptocurrency market is very volatile.
- Monitor the market: Always update information and analyze the market to adjust trading plans accordingly.
This strategy is suitable for those who are willing to accept a certain level of risk and have the ability to constantly monitor the market.
DYOR.