SOL/USD & JUP/USD : Potential Long Opportunities

31 Mar 2024

Identifying potential long opportunities in the crypto market, I'm currently monitoring JUPUSDT and SOLUSDT

SOLUSDT:

Entry: 197.06$ (or a close break above resistance if identified).
Stop-loss: 195.30$
Target 1: $210 (potential new high).
Target 2: $259 (longer-term bullish target).
Note: Consolidation around $210 could be a healthy sign before a further move upwards.


JUPUSDT:

Entry: 1.5628$
Stop-loss: 1.4500$
Target: Open-ended, aiming to hold for an extended uptrend if confirmed.
Key indicator: Price action around the 20EMA. A break below this level after a run up could indicate a potential reversal, prompting a reevaluation of the trade.


Overall strategy:
These setups prioritize risk management with clear stop-loss levels. Following price action around the moving averages will be crucial for trade management decisions.

31 Mar 2024

Not

Note that I am simply sharing the two trades I took here, I'm not advising to blindly buy.
Do your own research and act according to your own strategies and rules !

That disclaimer said, if you're comfortable with the risk you can buy at current levels and use the same stops I'm using. BUT position size accordingly !!!