SOL Long
We are observing a potential long scalp opportunity for SOL/USDT. The price has broken out from a cup and handle pattern on the 1-hour chart and is currently retesting the neckline, with support found in the $142-$144 range. To mitigate risk, a stop loss should be set at $137.24, and low leverage (maximum 5x) is recommended.
Price Targets:Should the upward movement persist, our price targets are:
$150
$155
$160
$170
This setup presents a favorable opportunity to capitalize on the market movement. Let's monitor the trade and see how it unfolds.
Price Targets:Should the upward movement persist, our price targets are:
$150
$155
$160
$170
This setup presents a favorable opportunity to capitalize on the market movement. Let's monitor the trade and see how it unfolds.
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.