$SOL Market Update | Still an Opportunity.
When I shared this setup yesterday, SOL gave us accurate confirmation and broke the previous market structure, reaching $85.69. However, after reaching that level, the market faced rejection and dropped sharply to $82.13.
Fortunately, our Stop Loss was placed at $81.01, so the trade remained safe.
There was also a strong support level around $82, where the price formed a lower wick and started moving upward again.
That's why I believe there's still an opportunity here. SOL could potentially move higher from this zone.
Current Market Price: $82.92 – $83.00
However, make sure to follow your Stop Loss properly and manage your risk.
Let's see how this setup plays out!
When I shared this setup yesterday, SOL gave us accurate confirmation and broke the previous market structure, reaching $85.69. However, after reaching that level, the market faced rejection and dropped sharply to $82.13.
Fortunately, our Stop Loss was placed at $81.01, so the trade remained safe.
There was also a strong support level around $82, where the price formed a lower wick and started moving upward again.
That's why I believe there's still an opportunity here. SOL could potentially move higher from this zone.
Current Market Price: $82.92 – $83.00
However, make sure to follow your Stop Loss properly and manage your risk.
Let's see how this setup plays out!
