🔥 **
SOLUSDT.P** is bouncing off the support zone, showing strength from the bulls! After a sharp dump, price held a key level and is now pushing up. The big question — is this a true reversal or just a "bearish retest" before another drop? ---
🔑 **Key Levels:**
**Support:**
- **171.06 USDT** — strong demand zone.
- **160.23 USDT** — critical level, breaking below could trigger more downside.
**Resistance:**
- **199.55 USDT** — local resistance; breaking above could accelerate movement.
- **272.53 USDT** — key target for profit-taking.
- **295.16 USDT** — strong supply zone; breaking above opens the door to 300 USDT+.
---
🚀 **Trading Strategy:**
**Entry Point:**
- Long from **171.06 USDT** with volume confirmation.
- Conservative entry after a breakout of **199.55 USDT**.
**Stop-Loss:**
- Below **160.23 USDT** to avoid stop hunts.
**Take-Profit Targets:**
- **198.45 USDT** — first target to reduce risk.
- **272.53 USDT** — primary target for the bullish move.
- **295.16 USDT** — extended target if the uptrend continues.
---
📈 **Technical Analysis:**
- Increasing volume on the bounce signals strong buyer interest.
- A breakout above **199.55 USDT** confirms bullish momentum.
- If price drops below **171.06 USDT**, expect a potential retest of **160.23 USDT**.
---
💡 **Conclusion:**
SOLUSDT.P is showing bullish reversal signs, but without breaking **199.55 USDT**, we can't confirm a full trend shift yet. Is this just a retest before another sell-off or the start of a new uptrend? Let’s discuss! 🚀💬
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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.