Solana ($SOL) is beginning to stabilize and mirror Bitcoin’s upward momentum after experiencing a sharp selloff yesterday. As panic selling fades, early buyers are cautiously stepping back into the market, particularly around a well-defined support zone.
📌 Trade Setup Overview
Entry Range: 104.5 – 106.0
Stop Loss: 101.5
Take Profit Targets:
🎯 Target 1: 108.5
🎯 Target 2: 112.0
🎯 Target 3: 116.0
This setup is a reaction-based trade, not an aggressive chase. The idea is to participate only if price respects support and shows signs of controlled strength.
📉 Market Context
Yesterday’s selloff flushed out weak hands, which often creates short-term opportunities for a relief bounce. With Bitcoin showing signs of recovery, SOL appears to be following—though cautiously. Volume remains moderate, suggesting buyers are still testing the waters rather than committing fully.
🧠 Entry vs Confirmation
Entering within the proposed range offers a favorable risk-to-reward ratio, as the stop loss is clearly defined. However, confirmation—such as strong bullish candles, increasing volume, or a clean reclaim of key intraday levels—could improve probability, even if it means sacrificing a bit of upside.
Aggressive traders may consider entries near support with tight risk control ⚡
Conservative traders may prefer waiting for confirmation above resistance 🛡️
⚠️ Risk Management Is Key
This is not a conviction long; it’s a controlled reaction play. If support fails, the stop loss protects capital. If momentum builds, scaling out at multiple targets helps lock in profits while letting the trade run.
🔚 Final Thoughts
SOL is at a critical decision zone. The setup is technically sound, but patience remains essential. Let price action confirm the story—because in volatile markets, discipline matters more than prediction.
📌 Not financial advice. Always manage your own risk.
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