King-Samu
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"🚨 $SOL Update: Breakout Confirmation in Progress 🚨
SOL has broken above $126 and is now retesting the upper trendline of the descending channel. A successful hold here would confirm the bullish reversal and invalidate the bearish structure.
Key Observations:
- Breakout Validation: The move above $126 signals strength, but the real test is holding above the trendline.
- Volume Check: Watch for rising volume on the retest. This confirms buyer conviction.
- RSI Momentum: If RSI stays above 50, bulls retain control.
Strategy Adjustment:
- **Entry:** Already in? Hold. New entries on a confirmed close above the trendline.
- TP1: $130 (immediate resistance).
- TP2:$140 (channel breakout target).
-TP3: $ 150 (Key psychological level)
- SL: $105 Move to ($130) to lock in profits above the TP1 by 2$.
Bulls are one step closer to victory. If the trendline flips to support, prepare for liftoff. 🚀
SOL has broken above $126 and is now retesting the upper trendline of the descending channel. A successful hold here would confirm the bullish reversal and invalidate the bearish structure.
Key Observations:
- Breakout Validation: The move above $126 signals strength, but the real test is holding above the trendline.
- Volume Check: Watch for rising volume on the retest. This confirms buyer conviction.
- RSI Momentum: If RSI stays above 50, bulls retain control.
Strategy Adjustment:
- **Entry:** Already in? Hold. New entries on a confirmed close above the trendline.
- TP1: $130 (immediate resistance).
- TP2:$140 (channel breakout target).
-TP3: $ 150 (Key psychological level)
- SL: $105 Move to ($130) to lock in profits above the TP1 by 2$.
Bulls are one step closer to victory. If the trendline flips to support, prepare for liftoff. 🚀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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