What do you think about this
$SOL setup?
Hi everyone 👋
I’m still learning technical analysis, so I’d like to get some opinions from more experienced traders.
I’m looking at
$SOL USDC on the 1H chart.
I noticed a possible descending channel, and price seems to be testing the lower area and showing some reaction.
My current idea is a Long setup:
📍 Entry: ~102.00
🎯 Target: ~107.30
🛑 Stop Loss: ~99.99
I’m not fully confident about this setup yet, so I’d really appreciate some feedback.
Do you think this is a reasonable setup, or am I missing something?
Any advice on the entry, SL, or TP would be really helpful 🙏
Still learning, so feel free to correct me. ❤️
#SOL #SOLUSDC #TechnicalAnalysis #BeginnerTrader