SOL is setting up for a long trade with a 94% confidence level, targeting a 1:1.7 risk to reward ratio. Current market conditions suggest a breakout is imminent.
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🟢 $SOL LONG 📈
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📍 Entry Range: $66.9030 – $67.0370
🛑 Stop Loss: $64.9609 (-3.0%)
🎯 TP1: $67.9745 (+1.5%)
🏆 TP2: $70.3185 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
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The CHoCH signal indicates a break in market structure, while CVD confirms the direction with increasing volume. FVG and OB are also aligning, indicating a strong confluence of factors supporting this trade, with liquidity sweep and POI overlap further reinforcing the setup.
A 3.0% stop loss seems reasonable, suitable for trades using 2-3x leverage given the current volatility.
Consider taking partial profits at the first target to lock in gains and adjust the stop loss to break even, allowing the remaining position to ride out the potential upside.
Not financial advice — always manage your own risk 🙏
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