Solana is still moving within the same retrace that started with the 16-March high. I am going to call only on two conditions to support this trade-idea:
1) The action is happening at support.
2) Trading volume and marketwide action supports a bullish breakout next.
With these two conditions, following capital allocation, a good position can be opened with good risk-reward ratio.
See the numbers below. This is not for the faint of heart, you have to be able to go against the market impulse. You must be able to overcome panic, doubt and fear to take this trade.
Will you do it?
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LONG SOLUSDT
Leverage: 10X
Potential: 1530%
Allocation: 3%
Entry zone: $72 – $80
Targets:
1) $87
2) $98
3) $108
4) $118
5) $131
6) $149
7) $168
8) $180
9) $199
Stop: Close weekly below $71
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Your continued support is highly appreciated.
Watch how the market turns green almost right away.
Thank you for reading.
Namaste.