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Technical analysis by Kat-Crypto-Street1 about Symbol SOL: Buy recommendation (7/10/2024)

https://sahmeto.com/message/2212282
Kat-Crypto-Street1
Kat-Crypto-Street1
Rank: 12608
1.5
Buy،Technical،Kat-Crypto-Street1

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.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$160
Stop Loss Price
$130.84
Price at Publish Time:
$144.33
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