SOLUSDT: Preparing for a Breakout? Key Levels to Watch!Current Trend: #SOL is in a downtrend but is now testing a strong support zone, indicating a potential reversal.
Technical Outlook:
๐น Support Zone: $158(Strong demand area)
๐น Resistance Level: $175 (Breakout confirmation level)
๐น 4H Timeframe Analysis: #SOL is currently making a correction, and a breakout above the resistance level could trigger a strong bullish move.
Trading Plan:
๐น Bullish Scenario: If #SOL breaks above the resistance, it could push toward new higher highs, targeting $270 and beyond.
๐น Bearish Scenario: If it fails to break resistance, we may see another pullback to retest lower levels.
Key Insights:
๐น #SOL remains a strong project with the potential to break its ATH in the long run.
๐น Waiting for a clean breakout ensures we enter with proper risk management.
Whatโs Your View? Drop your thoughts in the comments!
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