$SOL #SOL/USDT (Daily) Analysis | Spot
Price: 107.01 | My entry: 102 (+4.9% profit)
Analysis
- There was an uptrend from 60 in June to 125 in September; the current drop looks like a correction.
- 100–101 is important support (long lower wicks indicate buyers are active).
- There has been a slight bounce in the last few candles, but momentum is still weak.
- Immediate resistance is at 108–110, followed by 112–113, 116, and then 124–125.
Levels
- Resistance: 108–110, 112–113, 116, 124–125
- Support: 100–101, next support at 96
- Stop-loss: 98–99
Recommendation
1. HOLD, with a stop-loss at 98–99 (below the 100 support).
2. Take 50% profit at 108–110 and hold the rest until 112–116.
3. If the daily close is above 110, move the stop-loss to the entry price (102), making the trade risk-free.
4. If the daily close is below 100, exit; the next support is at 96.
Risk/Reward: Stop-loss is ~3% below entry; Target 1 is ~+8%, Target 2 is ~+13%.
Note: This is only a technical opinion, not financial advice. Trade at your own risk.$SOL 🤩🤩🤩
Price: 107.01 | My entry: 102 (+4.9% profit)
Analysis
- There was an uptrend from 60 in June to 125 in September; the current drop looks like a correction.
- 100–101 is important support (long lower wicks indicate buyers are active).
- There has been a slight bounce in the last few candles, but momentum is still weak.
- Immediate resistance is at 108–110, followed by 112–113, 116, and then 124–125.
Levels
- Resistance: 108–110, 112–113, 116, 124–125
- Support: 100–101, next support at 96
- Stop-loss: 98–99
Recommendation
1. HOLD, with a stop-loss at 98–99 (below the 100 support).
2. Take 50% profit at 108–110 and hold the rest until 112–116.
3. If the daily close is above 110, move the stop-loss to the entry price (102), making the trade risk-free.
4. If the daily close is below 100, exit; the next support is at 96.
Risk/Reward: Stop-loss is ~3% below entry; Target 1 is ~+8%, Target 2 is ~+13%.
Note: This is only a technical opinion, not financial advice. Trade at your own risk.$SOL 🤩🤩🤩