$SOL – Dip Buy, Eyeing a Swing Reversal 🚀
Watching this potential bounce zone after recent selling pressure. Key support must hold for the play to work.
Entry Structure & Risk
Optimal Buy Zone: $82.2 – $83.2
Stop Loss: $79.8 (clear invalidation point)
Max Risk: ~4% from zone mid-point.
Profit Targets (Take Profit Plan)
Take partial profits at each level to manage the trade:
TP1: $85.0 – Immediate resistance break. (Scalp)
TP2: $88.5 – Prior swing high retest. (Swing)
TP3: $92.0 – Next key structure target for a full reversal. (Runner)
Why This Setup?
Key Support Test: Price is approaching a significant demand zone on higher timeframes.
Momentum Divergence: The RSI is showing a potential bullish divergence on lower timeframes, indicating selling exhaustion.
Context Matters: This trade is a counter-trend swing idea. It depends on a broader market stabilization and a break of the current downtrend structure.
Disclaimer: This is a high-risk, speculative setup. Always trade with proper position sizing and risk management.