Technical Analysis Of SOL/USDT chart
🟢 Breakout Confirmation with Bullish Momentum
Range Breakout:
SOL has successfully broken out of a prolonged consolidation range, marked by a strong bullish candle, indicating a shift in momentum.
Support Retest & Trendline Confluence:
The price retested the breakout zone near $134.93, aligning with the upward trendline, confirming it as new support.
Bullish Structure Intact:
As long as SOL holds above this support, bullish continuation towards the target area around $147.88 remains likely.
Volume Spike:
A notable increase in volume adds confidence to the breakout's validity.
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🟢 Breakout Confirmation with Bullish Momentum
Range Breakout:
SOL has successfully broken out of a prolonged consolidation range, marked by a strong bullish candle, indicating a shift in momentum.
Support Retest & Trendline Confluence:
The price retested the breakout zone near $134.93, aligning with the upward trendline, confirming it as new support.
Bullish Structure Intact:
As long as SOL holds above this support, bullish continuation towards the target area around $147.88 remains likely.
Volume Spike:
A notable increase in volume adds confidence to the breakout's validity.
Thanks for your support!
If you found this idea helpful, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, and trading strategies. Let’s grow and trade smarter together! 📈
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Disclaimer
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.