๐จ SOL/USDT 4H TRADE SETUP
SOL is approaching the $120 psychological resistance after a strong upside move.
Instead of chasing the pump, I'm watching for a pullback entry.
๐ข LONG ENTRY: $117.80 โ $118.30
๐ STOP LOSS: $115.80
๐ฏ TP1: $120.80
๐ฏ TP2: $123.30
Trade invalidation: 4H candle closes below $115.80.
๐ Why this setup?
โข SOL remains above its major EMA structure
โข EMA 7 > EMA 25 > EMA 99 on the 4H chart
โข $117โ118 is the immediate area I'd want to see buyers defend
โข $120+ is the first major breakout/rejection area
โข $123+ becomes the next upside objective if momentum continues
Risk/Reward:
Entry ~$118.05 โ SL $115.80 = ~$2.25 risk
TP1 $120.80 = ~$2.75 reward
TP2 $123.30 = ~$5.25 reward
That's approximately 1.2R to TP1 and 2.3R to TP2.
โ ๏ธ Important: I would NOT enter simply because SOL touches $118. The setup becomes more interesting if the price pulls back into the zone and shows a bullish 4H reaction/reclaim.
If SOL breaks above $120 without giving the pullback, I would wait rather than chase the candle.
What are you watching โ $120 breakout or $118 retest? ๐
#solana #SolanaStrong #TradeSignal #TradingCommunity
Thiis a technical-analysis setup, not financial advice.
SOL is approaching the $120 psychological resistance after a strong upside move.
Instead of chasing the pump, I'm watching for a pullback entry.
๐ข LONG ENTRY: $117.80 โ $118.30
๐ STOP LOSS: $115.80
๐ฏ TP1: $120.80
๐ฏ TP2: $123.30
Trade invalidation: 4H candle closes below $115.80.
๐ Why this setup?
โข SOL remains above its major EMA structure
โข EMA 7 > EMA 25 > EMA 99 on the 4H chart
โข $117โ118 is the immediate area I'd want to see buyers defend
โข $120+ is the first major breakout/rejection area
โข $123+ becomes the next upside objective if momentum continues
Risk/Reward:
Entry ~$118.05 โ SL $115.80 = ~$2.25 risk
TP1 $120.80 = ~$2.75 reward
TP2 $123.30 = ~$5.25 reward
That's approximately 1.2R to TP1 and 2.3R to TP2.
โ ๏ธ Important: I would NOT enter simply because SOL touches $118. The setup becomes more interesting if the price pulls back into the zone and shows a bullish 4H reaction/reclaim.
If SOL breaks above $120 without giving the pullback, I would wait rather than chase the candle.
What are you watching โ $120 breakout or $118 retest? ๐
#solana #SolanaStrong #TradeSignal #TradingCommunity
Thiis a technical-analysis setup, not financial advice.
