Current Situation: Price Level: SOL recently pumped and is now trading at the top of the range area of support around $170, providing a potential entry point for a long trade.
Trade Strategy: Entry Point: Enter a long position at the current support level of $170. Take Profit Targets: First Target: $190 – $210 Second Target: $240 - $260 Stop Loss: Set just below $160 to manage risk.
Summary: SOL's recent price action has positioned it at a strong support level of $170, making it an ideal point for a long trade. The take profit targets are set at $190 – $210 and $240 - $260, with a stop loss just below $160 to protect against potential downside.