What do you think about this
$SOL setup?
Hi everyone ๐
Iโm still learning technical analysis, so Iโd like to get some opinions from more experienced traders.
Iโm looking at
$SOL USDC on the 1H chart.
I noticed a possible descending channel, and price seems to be testing the lower area and showing some reaction.
My current idea is a Long setup:
๐ Entry: ~102.00
๐ฏ Target: ~107.30
๐ Stop Loss: ~99.99
Iโm not fully confident about this setup yet, so Iโd really appreciate some feedback.
Do you think this is a reasonable setup, or am I missing something?
Any advice on the entry, SL, or TP would be really helpful ๐
Still learning, so feel free to correct me. โค๏ธ
#SOL #SOLUSDC #TechnicalAnalysis #BeginnerTrader