🚀 Solana ($SOL) in the Spotlight: Potential BUY Zone Identified! 👀
Hello, traders! If you follow my guides, you know that we don't buy just because "the price is low." We buy in strategic zones!
1. 🔍 Identifying the Broken Resistance
Observing the chart of $SOL, we notice that it recently broke and closed above a key Resistance (the "ceiling" of Part 1) near $150 USD.
The Principle: That former Resistance now becomes a new and strong Support. This is our area of interest!
2. 🧱 Strategic Reload Zone
The zone of $150 - $155 USD is the perfect area to look for entries.
What to look for (Part 2)? We must wait to see one or several strong Green Candles forming at the Support of $150 USD. This confirms that buyers are coming in.
3. 🛡️ Setting Up the Strategy (R:R)
If $SOL enters and bounces at $150 USD, this is what your Risk Management plan would look like (Part 5):
Entry Point: Near $150 USD.
Stop-Loss (Your Shield): Place it just below the Support, at $145 USD. (Risk: $5 USD).
Take-Profit (Profit): Look for the next important Resistance, near $170 USD. (Profit: $20 USD).
✅ R:R Ratio of 1:4! (You risk $5 to make $20). Excellent setup!
Remember: This is an educational analysis. Discipline is key. If the price hits your Stop-Loss, the plan failed and you exited with a small loss!
👇 Question: What do you think of $SOL in this zone? Do you think the Support will hold? Comment!
