I'm planning a trading strategy for Solana/U.S. Dollar (SOL/USD) with an entry point at approximately 120.36. My target for profit-taking is set at 132.83, indicating my confidence in an upward trend.
For risk management, I've placed a stop loss at 116.03 to minimize potential losses in case the market moves against me. The Fibonacci retracement levels help guide my decision-making, providing key support and resistance areas.
Overall, my strategy is focused on maximizing gains while keeping risks under control, using technical analysis to navigate market movements effectively.
For risk management, I've placed a stop loss at 116.03 to minimize potential losses in case the market moves against me. The Fibonacci retracement levels help guide my decision-making, providing key support and resistance areas.
Overall, my strategy is focused on maximizing gains while keeping risks under control, using technical analysis to navigate market movements effectively.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.