SOL / TetherUSLong
SOL 1D. Solana Ready for New Highs. 12/18/24
Currently, the price has formed a "descending parallel channel" and is moving within its boundaries.
I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high.
Trade Plan:
EP (Entry Point): $202 - $196
TP (Take Profit): $240 - $260
SL (Stop Loss): $184 - $182
Personal Approach:
I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this!
What you should do is entirely up to you.
DYOR.
I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high.
Trade Plan:
EP (Entry Point): $202 - $196
TP (Take Profit): $240 - $260
SL (Stop Loss): $184 - $182
Personal Approach:
I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this!
What you should do is entirely up to you.
DYOR.
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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.
Related publications
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.