My long term position which I'll hold TSL 209 ( low risk )
Thi Reichenbach VPI6
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Safe plan to grab potential $SOL mega bull run.
Plan A (I'm following this; use it according to your risk appetite.)
Take small leverage. 5x to 10x Take a long position and leave it.. If the liquidation price is below 90, it’s much better and safer to hold for the long term.
or Plan B ( Safer and low risk ) You can set trailing stop loss with key activation price ( 220 with trailing SL 5% or 209 with trailing SL 5% ) If you don't want to risk all your funds and avoid liquidation.
Based on Technical analysis $SOL is in a very strong position on charts. It will touch 293 for sure but hard to predict exactly when. It may take weeks or a few months
Profit Booking Zones which may give pull backs 264-266 290-293 305-307
That's a longer term swing trade strategy in a nutshell for $SOL
Key Levels attached in ss with current momentum for $,SOL on daily charts.