SOL / TetherUSLong
SOL/USDT: Approaching Key Resistance with Bullish Momentum
The cryptocurrency market is witnessing positive movement from SOL/USDT as it approaches a strong resistance level at 247.31. Backed by a steady upward trend, the likelihood of a breakout to extend the rally remains high.
In recent days, the price has consistently formed higher highs and higher lows, reflecting the market's optimistic sentiment. The trendline has served as a robust support, sustaining the price within its upward trajectory.
Trading Strategies:
Buy on Breakout: Enter a position if the price surpasses 247.31, targeting 256.00, with a stop loss below 243.00.
Buy on Pullback: Place orders near the 238.80 level or along the trendline, with a stop loss set below 231.49.
SOL/USDT’s bullish structure, reinforced by strong support and market confidence, presents promising opportunities for traders.
In recent days, the price has consistently formed higher highs and higher lows, reflecting the market's optimistic sentiment. The trendline has served as a robust support, sustaining the price within its upward trajectory.
Trading Strategies:
Buy on Breakout: Enter a position if the price surpasses 247.31, targeting 256.00, with a stop loss below 243.00.
Buy on Pullback: Place orders near the 238.80 level or along the trendline, with a stop loss set below 231.49.
SOL/USDT’s bullish structure, reinforced by strong support and market confidence, presents promising opportunities for traders.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.