SOLUSDT has reached a major support level, an area where buyers have previously shown strong interest. This zone has acted as a key zone, increasing the likelihood of a bounce if buyers step in.
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers take control, the price could rally toward the $160 target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside.
This isn’t financial advice, just my take on how I approach support and resistance zones. Best to wait for clear confirmation, like a strong rejection or a volume spike, before making a move.
Every trader has a unique perspective. Let’s discuss this setup within the TradingView community!
A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would strengthen the case for a move higher. If buyers take control, the price could rally toward the $160 target. However, a decisive breakdown below this support would invalidate the bullish scenario and could lead to further downside.
This isn’t financial advice, just my take on how I approach support and resistance zones. Best to wait for clear confirmation, like a strong rejection or a volume spike, before making a move.
Every trader has a unique perspective. Let’s discuss this setup within the TradingView community!
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Note
If it comes back to my entry, I’ll take it off as BE. I’m not trusting this anymore, it’s taking too long to decide. 
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🌷 FREE SIGNALS: t.me/trenddiva
🌷 BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
🌷 Backtest with FX Replay with a 15% discount + my code "trend-diva" fxreplay.com/?via=trend-diva
🌷 BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
🌷 Backtest with FX Replay with a 15% discount + my code "trend-diva" fxreplay.com/?via=trend-diva
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.