I'm Looking at a BIG LONG on $SOL with 40x leverage
Entry: $105.50–$105.80
TP1: $107.00
TP2: $108.50
TP3: $110.00
SL: $95.80
Now the question is: why go long after such a sharp recovery?
Because $SOL bounced strongly from $100.43, and buyers pushed the price back above $105.
Price is now testing resistance near $106. A confirmed breakout could bring more buying momentum.
For me, the setup is simple.
Buyers are gaining strength.
Momentum is turning bullish.
The next resistance is above.
I'm watching for a clean breakout above $106 before considering the long. A rejection could delay the move.
Entry: $105.50–$105.80
TP1: $107.00
TP2: $108.50
TP3: $110.00
SL: $95.80
Now the question is: why go long after such a sharp recovery?
Because $SOL bounced strongly from $100.43, and buyers pushed the price back above $105.
Price is now testing resistance near $106. A confirmed breakout could bring more buying momentum.
For me, the setup is simple.
Buyers are gaining strength.
Momentum is turning bullish.
The next resistance is above.
I'm watching for a clean breakout above $106 before considering the long. A rejection could delay the move.