I'm sharing two trades and my analysis on #SOLA 📈 📌 LONG (Buy) Entry Recommendation on SOL
🔹 Suggested Entry Level:
👉 Enter around ~124–128 USD
This is a strong technical support zone where the price previously rebounded and showed strong buying interest at these levels.
KuCoin
🔹 First Take Profit Target:
🟢 ~140–145 USD
A key resistance level above the current price, potentially a good point to exit part of the position to lock in profits.
KuCoin
🔹 Second Extended Take Profit Target:
🟢 ~155–160 USD
Higher resistance level if the price continues to improve.
MEXC
🔹 Stop Loss:
🔴 Below ~120 USD
Breaking below this level may indicate a continued downward move toward lower levels.
✅ Technical Reason
✔ The price is oscillating between support levels ~124–128 and resistance levels ~140–145.
✔ Rebound from support offers buying opportunities with lower risk.
✔ Breaking above resistance suggests a stronger upward move toward higher targets.
🔹 Suggested Entry Level:
👉 Enter around ~124–128 USD
This is a strong technical support zone where the price previously rebounded and showed strong buying interest at these levels.
KuCoin
🔹 First Take Profit Target:
🟢 ~140–145 USD
A key resistance level above the current price, potentially a good point to exit part of the position to lock in profits.
KuCoin
🔹 Second Extended Take Profit Target:
🟢 ~155–160 USD
Higher resistance level if the price continues to improve.
MEXC
🔹 Stop Loss:
🔴 Below ~120 USD
Breaking below this level may indicate a continued downward move toward lower levels.
✅ Technical Reason
✔ The price is oscillating between support levels ~124–128 and resistance levels ~140–145.
✔ Rebound from support offers buying opportunities with lower risk.
✔ Breaking above resistance suggests a stronger upward move toward higher targets.