SOL / TetherUSLong
SOL Surges Above $200: Bulls Eye $225-$235 Targets!
SOL/USDT Chart Analysis
Bullish reversal confirmed: SOL has reversed strongly from the $180 support level, breaking above the key equilibrium zone with solid momentum.
Current price: $201.90.
Key levels:
Trade setup:
Considerations:
This setup highlights a robust bullish structure with clear targets and strong support at $180, making it a high-confidence trade.
Bullish reversal confirmed: SOL has reversed strongly from the $180 support level, breaking above the key equilibrium zone with solid momentum.
Current price: $201.90.
Key levels:
- Support: $180 (strong base established from the reversal).
- Resistance:
- Immediate: $215 (next hurdle for further continuation).
- Target: $225-$235 range (bullish extension if momentum persists).
- RSI: Momentum is building from oversold conditions, aligning with the recent price breakout.
- Volume profile: Increasing buy volume supports the bullish continuation, with order blocks reinforcing this trend.
Trade setup:
- Entry: Current level ($201.90) or on a pullback toward $190-$195.
- Target: $225-$235 range (bullish extension zone).
- Stop loss: Below $180 to limit downside risk.
- Risk-to-reward: Favorable setup with a strong structural break and defined levels.
- Confidence level: 8/10 for bullish continuation.
Considerations:
- Volume confirmation: Ensure sustained buy volume to support the continuation toward $225-$235.
- Resistance test: Monitor price action near $215 for potential consolidation or rejection.
- Pullback opportunities: Watch for a retest of $195-$200 to enhance entry precision.
This setup highlights a robust bullish structure with clear targets and strong support at $180, making it a high-confidence trade.
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