SOL has recently tested back below the 136 level. There are still multiple positions on the table that haven't been closed. While there was actually a short order hanging opportunity this morning, to be honest, I'm more bullish on the uptrend today.
Since the price is below 136, there's an opportunity. This level can be traded repeatedly with ultra-short-term longs. Those with a slightly more aggressive approach can enter around 135, with a stop loss set at the 135 support line to prevent losses from expanding.
Here are the key take-profit levels: 136.4 is the first minor target, followed by 136.67 above, then the 137 round number, moving to 137.2, and finally whether we can break through to 138 near 137. The benefit of scaling out at these levels is that you lock in profits while not exiting too early and missing a larger move.
The overall strategy is: support below, room above, short-term longs can participate appropriately.
SOL has recently tested back below the 136 level. There are still multiple positions on the table that haven't been closed. While there was actually a short order hanging opportunity this morning, to be honest, I'm more bullish on the uptrend today.
Since the price is below 136, there's an opportunity. This level can be traded repeatedly with ultra-short-term longs. Those with a slightly more aggressive approach can enter around 135, with a stop loss set at the 135 support line to prevent losses from expanding.
Here are the key take-profit levels: 136.4 is the first minor target, followed by 136.67 above, then the 137 round number, moving to 137.2, and finally whether we can break through to 138 near 137. The benefit of scaling out at these levels is that you lock in profits while not exiting too early and missing a larger move.
The overall strategy is: support below, room above, short-term longs can participate appropriately.