🚀 SOL/USDT Trade Setup: catching the Bounce? 📉📈
Solana has seen a sharp pullback, but we are hitting a key demand zone! I'm eyeing a potential reversal here as price tests major support. Here is the setup I am watching for a scalp/short-term long. 👇
📝 Trade Details (Perpetual):
Pair: $SOL /USDT
Direction: 🟢 LONG
Entry Zone: 131.50 - 131.60
🎯 Take Profit (TP): 134.23
🛑 Stop Loss (SL): 130.00
🔍 Technical Logic:$SOL
Price has aggressively liquidated late longs and is now sitting at a psychological support level near $131.50. The risk-to-reward ratio here is solid. If this level holds, we could see a quick relief pump back toward the $134 range to fill intraday imbalances.
⚠️ Risk Warning: The trend is currently bearish on lower timeframes. This is a counter-trend trade ("catching the knife"). Strict stop-loss at 130.00 is essential in case the dump continues!
What do you think? Are we bouncing or breaking lower? Let me know in the comments! 💬
#SOL #Solana #TradingSetup #CryptoTrading #BinanceSquare #Write2Earn
