10.16 Y Brother SOL Technical Analysis and Trading Suggestions
The SOL price has far exceeded the 20-day moving average, showing a clear bullish momentum.
Although the MACD is in the descending area, the histogram indicates that upward pressure is accumulating.
The price is fluctuating near the upper Bollinger Band, which may encounter resistance, but the overall technical outlook still leans towards bullish.
Trading Thoughts
• Suggestion: Go long around 190
• Target Levels:
First Target: 215
Second Target: 225
Third Target: 235
• If the price breaks below the support level of 185, caution is needed.
• Be aware of potential resistance near the upper Bollinger Band
Do you think SOL can break through 220 this time? Let's discuss your views in the comments.
