I'm sharing two trades and my analysis on #SOLA ๐ ๐ LONG (Buy) Entry Recommendation on SOL
๐น Suggested Entry Level:
๐ Enter around ~124โ128 USD
This is a strong technical support zone where the price previously rebounded and showed strong buying interest at these levels.
KuCoin
๐น First Take Profit Target:
๐ข ~140โ145 USD
A key resistance level above the current price, potentially a good point to exit part of the position to lock in profits.
KuCoin
๐น Second Extended Take Profit Target:
๐ข ~155โ160 USD
Higher resistance level if the price continues to improve.
MEXC
๐น Stop Loss:
๐ด Below ~120 USD
Breaking below this level may indicate a continued downward move toward lower levels.
โ Technical Reason
โ The price is oscillating between support levels ~124โ128 and resistance levels ~140โ145.
โ Rebound from support offers buying opportunities with lower risk.
โ Breaking above resistance suggests a stronger upward move toward higher targets.
