The #solana Slingshot"
From Pain to Gain?"
(Because everyone is crying about the -41% yearly drop, but the chart is quietly winding up for a bounce
📈 Swing Trade Signal (Long)
Entry Price: $125.00 – $128.00
Take Profit: $140.00
Stop Loss: $121.00
🔑 Why this trade?
The Bottom: chart shows a strong "Buy" signal (green 'B' icon) at $123.63, which is currently acting as a solid floor.
The Goal: We are targeting a move back to the recent resistance at $140.
The Risk: If the price drops below $121, the bullish structure is broken, and it’s better to exit the trade to protect your capital.
💡 Pro-Tip
Keep an eye on #bitcoin (BTC). If BTC stays stable or moves up, SOL will likely outperform it on the recovery. If BTC drops below its support, SOL's $123 support will likely break regardless of the "B" signal.
What Traders Should Do:
Watch for support confirmation (strong candles, bounce, volume)
Enter only if price respects the zone
No confirmation = no trade