🚀 Bullish $SOL Trade Setup: Path to $300?
Solana ($SOL ) is showing signs of a potential breakout, consolidating near its key support level at $235.86. This accumulation phase indicates that bulls are gearing up for the next major move. With strong fundamentals and technicals aligning, Solana could be setting its sights on $300 in the long term.
Trade Plan:
Entry Zone: Accumulate near $235.53, provided the price holds above support.
Stop Loss: Tighten risk with a stop-loss below $234.43 to minimize downside.
Bullish Targets:
🎯 Target 1: $240.00 – Key psychological level.
🎯 Target 2: $242.49 – Major resistance zone.
🎯 Target 3 (Long Term): $300 – Bullish projection with sustained momentum.
Strategy:
Wait for confirmation of support at $235.53 before entering. Look for increasing volume and bullish candlestick patterns as signs of upward momentum. With Solana’s growing adoption in DeFi and NFTs, it could be a stellar long-term play for bulls.
Stay focused on market signals, and let $SOL guide you to new heights! 🚀