SOL is poised for a breakout after a key market structure break, with price action now testing a crucial zone of confluence. This area has historically been a pivot point for SOL, and a successful hold could propel the price upward.
🟢 $SOL LONG 📈
Entry $75.5344-$75.6856 | SL $73.3417 (-3.0%) | TP1 $76.7441 (+1.5%) | TP2 $79.3905 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH signal fired as SOL broke out of its recent range, and the CVD is confirming the direction with increasing volume. The overlap of the order block and fair value gap is creating a high-probability zone for a long entry, especially with the liquidity sweep and POI confluence adding to the bullish case.
A 3.0% stop loss may seem tight, but given the high-probability nature of this setup, it's a reasonable risk for a 1:1.7 reward, suitable for traders using moderate leverage.
Taking partial profit at the first target could be a good strategy, as it allows traders to lock in some gains while still giving the trade room to run and potentially reach the higher targets.
Not financial advice — trade only what you can afford to lose 🙏
$SOL #SOLUSDT #1000CAT #TradingSignals #Write2Earn
🟢 $SOL LONG 📈
Entry $75.5344-$75.6856 | SL $73.3417 (-3.0%) | TP1 $76.7441 (+1.5%) | TP2 $79.3905 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH signal fired as SOL broke out of its recent range, and the CVD is confirming the direction with increasing volume. The overlap of the order block and fair value gap is creating a high-probability zone for a long entry, especially with the liquidity sweep and POI confluence adding to the bullish case.
A 3.0% stop loss may seem tight, but given the high-probability nature of this setup, it's a reasonable risk for a 1:1.7 reward, suitable for traders using moderate leverage.
Taking partial profit at the first target could be a good strategy, as it allows traders to lock in some gains while still giving the trade room to run and potentially reach the higher targets.
Not financial advice — trade only what you can afford to lose 🙏
$SOL #SOLUSDT #1000CAT #TradingSignals #Write2Earn