Trial trade on $SOL. Attempting a reversal #buylong at a key support level.
$SOL has experienced a significant drop over the past week: the price fell from nearly $104 to a local low of $81.25, and is now trying to form a base near $83.90.
As the price tests short-term moving averages and attempts to stabilize, here’s a high-risk, potentially rewarding tactical scenario I’m watching closely:
First trial attempt;
Entry zone: $83.95 and below (current levels)
Stop-loss (SL): tight stop-loss below $81.00 (protection against breaking below the recent candle wick low)
Possible targets: retest of EMA(7) / EMA(25) above the current price (the $86–$88 zone)
Note: an uptrend has not yet been confirmed — this is just trial and error 🤣
$SOL has experienced a significant drop over the past week: the price fell from nearly $104 to a local low of $81.25, and is now trying to form a base near $83.90.
As the price tests short-term moving averages and attempts to stabilize, here’s a high-risk, potentially rewarding tactical scenario I’m watching closely:
First trial attempt;
Entry zone: $83.95 and below (current levels)
Stop-loss (SL): tight stop-loss below $81.00 (protection against breaking below the recent candle wick low)
Possible targets: retest of EMA(7) / EMA(25) above the current price (the $86–$88 zone)
Note: an uptrend has not yet been confirmed — this is just trial and error 🤣