Trial and error set up on $SOL . Reversal #buylong attempt at key Support.
$SOL has taken a heavy hit over the last week, dropping from near $104 down to a local low of $81.25, where it's currently trying to carve out a base around $83.90.
With the price testing short-term moving averages and trying to stabilize, here is a high-risk/reward tactical setup I'm watching closely:
First attempt trial;
Entry Zone: $83.95 and below (Current levels)
Stop Loss (SL): Tight SL below $81.00 (protecting against a breakdown of the recent wick low)
Target Ideas: Retest of EMA(7) / EMA(25) overhead ($86 – $88 zone)
Note; not yet a confirmed uptrend, just a trial and error 🤣
Risk what you can afford to lose, A stop loss is more important than even a tp, so prioritize it first.
Not financial advice and decision making is self-centered.
$SOL
#solana
#CanNvidiaEarningsEaseMarketConcerns?
#RiskManagement
$SOL has taken a heavy hit over the last week, dropping from near $104 down to a local low of $81.25, where it's currently trying to carve out a base around $83.90.
With the price testing short-term moving averages and trying to stabilize, here is a high-risk/reward tactical setup I'm watching closely:
First attempt trial;
Entry Zone: $83.95 and below (Current levels)
Stop Loss (SL): Tight SL below $81.00 (protecting against a breakdown of the recent wick low)
Target Ideas: Retest of EMA(7) / EMA(25) overhead ($86 – $88 zone)
Note; not yet a confirmed uptrend, just a trial and error 🤣
Risk what you can afford to lose, A stop loss is more important than even a tp, so prioritize it first.
Not financial advice and decision making is self-centered.
$SOL
#solana
#CanNvidiaEarningsEaseMarketConcerns?
#RiskManagement
