strong buy
Bitcoin Holds at $108K as Key Resistance at $109.5K Looms, Solana Trading Strategy Reassesses
Iran has announced that the attacks have temporarily ceased, and Bitcoin has reached the $108,000 mark. For the bullish trend in Bitcoin and other precious metals, a solid close above $109,500 is essential. The only active open position on Solana was the second entry, which was stopped out without loss. It entered at $152.3, dropped to $148, and was stopped out; currently, it is at $157. A new position with a 10x leverage will be considered again from these levels. If it drops to $154, the stop will be re-placed, and a target of $130 will be considered.
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AI Analysis
The recent statement from Iran indicating that hostilities have temporarily ended appears to have provided some market stability, with Bitcoin demonstrating resilience at the $108,000 level. The criti...
AI Recommendation
Given the current resistance at $109,500 for Bitcoin, it is advisable to wait for a confirmed close above this level before committing significant new long positions. For the Solana trade, maintaining...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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