$SOL
/USDT LONG TRADE SETUP
Based on the 15-minute chart analysis from the image, $SOL USDT is showing potential for a long trade setup after finding short-term support.
The last price is 132.72, and the asset appears to be consolidating near the 7-period and 25-period Moving Averages (MA(7): 132.88, MA(25): 132.86) after a pullback from the intraday high of $134.36. A break above the immediate resistance should confirm the bullish momentum.
Target Points (TPs)
We are targeting a move back towards and above the daily high, using pivot and swing high areas:
TP1: 133.50 (Initial target towards minor resistance)
TP2: 134.30 (Re-test of the previous swing high)
TP3: 135.00 (Targeting the resistance area around the MA(99) on the chart)
Stop Loss (SL)
Set the stop loss below the recent swing low ($131.64) to limit downside risk:
Stop Loss: $131.50
Buy and Trade here on $SOL
