LONG #SOL USDT from $112.4 stop loss $110.49

30m TF. The price is now approaching a local resistance zone at the level of 112.4. This level was previously support from which the price recovered upwards. After breaking this level, it has started to press down on the price from the sellers' side.

We are currently seeing a series of higher lows. The price is moving upwards with increasing volumes, indicating buyer activity. An impulsive recovery is happening after the decline, which speaks to the strength of the bulls and the potential for continued growth.

It is recommended to enter a position after a breakout above the resistance level of 112.4. The nearest profit-taking targets are:

1st target (TP 1) - 114.95

2nd target (TP 2) - 117.12

3rd target (TP 3) - 120.32

Open trade $SOL 👇