Trading Signals for POPCAT (SOL)

Popcat (SOL) has been showing signs of consolidation after a strong upward movement in the last 24 hours, where the price hit a high of $0.8452 and a low of $0.7561. The price seems to be consolidating in the $0.78–$0.85 range, indicating a potential breakout or breakdown. A short-term scalping strategy can be used within this consolidation zone, considering the recent volatility and current market dynamics. If the price breaks below $0.78, a short position could offer potential profit. On the other hand, a breakout above $0.85 could trigger a long trade.

Scalping Strategy:

Entry Range:
Long Position: $0.85 – $0.86
Short Position: $0.78 – $0.77

SL (Stop-Loss):
Long Position SL: $0.83
Short Position SL: $0.80

TP (Take Profit):
Long Position TP: $0.90 – $0.92
Short Position TP: $0.75 – $0.74

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