SOLUSDT: Preparing for a Breakout? Key Levels to Watch!
Current Trend: #SOL is in a downtrend but is now testing a strong support zone, indicating a potential reversal.
Technical Outlook:
🔹 Support Zone: $158(Strong demand area)
🔹 Resistance Level: $175 (Breakout confirmation level)
🔹 4H Timeframe Analysis: #SOL is currently making a correction, and a breakout above the resistance level could trigger a strong bullish move.
Trading Plan:
🔹 Bullish Scenario: If #SOL breaks above the resistance, it could push toward new higher highs, targeting $270 and beyond.
🔹 Bearish Scenario: If it fails to break resistance, we may see another pullback to retest lower levels.
Key Insights:
🔹 #SOL remains a strong project with the potential to break its ATH in the long run.
🔹 Waiting for a clean breakout ensures we enter with proper risk management.
What’s Your View? Drop your thoughts in the comments!
🔹 Follow for More: Daily insights, trade setups, and market updates!
Technical Outlook:
🔹 Support Zone: $158(Strong demand area)
🔹 Resistance Level: $175 (Breakout confirmation level)
🔹 4H Timeframe Analysis: #SOL is currently making a correction, and a breakout above the resistance level could trigger a strong bullish move.
Trading Plan:
🔹 Bullish Scenario: If #SOL breaks above the resistance, it could push toward new higher highs, targeting $270 and beyond.
🔹 Bearish Scenario: If it fails to break resistance, we may see another pullback to retest lower levels.
Key Insights:
🔹 #SOL remains a strong project with the potential to break its ATH in the long run.
🔹 Waiting for a clean breakout ensures we enter with proper risk management.
What’s Your View? Drop your thoughts in the comments!
🔹 Follow for More: Daily insights, trade setups, and market updates!
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.
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.