SOL/USDT 2H Chart🔹 Asset: Solana (SOL/USDT Perpetual Futures)
🔹 Timeframe: 2-Hour
🔹 Exchange: MEXC
📊 Market Overview:
Solana has bounced from a key support zone after a strong breakdown, signaling a potential shift in momentum. The structure has confirmed a Break of Structure (BOS), which may lead to further upside movement before facing resistance.
📈 Key Technical Insights:
✅ Support Holding: The price has reacted well to the $130 - $135 support zone, leading to a bounce.
✅ Mini Reversal Area ($150 - $155): This zone could act as a minor resistance before a deeper retracement.
✅ Main Reversal Area ($165 - $175): A significant supply zone where selling pressure may increase.
📌 Trading Plan:
🔹 Bullish Scenario: If SOL holds above the support zone and breaks past the Mini Reversal Area ($150 - $155) with volume, a further move toward the Main Reversal Area ($165 - $175) is likely.
🔹 Bearish Scenario: If SOL struggles to break past $150 - $155, a retest of the support zone ($130 - $135) could happen.
🔹 Risk Management: Watch for rejection wicks or bearish divergence before entering short positions.
📢 Final Thoughts:
📌 A strong move above $155 could trigger further upside momentum.
📌 Traders should watch price action closely at the marked reversal areas.
📌 Be patient, wait for confirmation, and manage risk accordingly!
⚡ Trade smart and stay ahead of the market! 🚀