💥$SOL /USDT Testing Resistance After +5.31% Surge!🔥
🌟Current Price: 152.55 USDT (+5.31%)
🌟24-Hour High: 152.90 USDT (Resistance zone).
🌟24-Hour Low: 144.87 USDT (Critical support area).
Volume (24H):
🌟SOL: 3.53M
🌟USDT: 526.81M
⚡SOL has exhibited strong bullish momentum, nearing its 24-hour high of 152.90 USDT. The price action suggests potential for further upward movement if resistance is decisively broken.
⚡Technical Indicators 🧩
1. RSI: Likely trending near overbought territory—monitor for slowing momentum.
2. Bollinger Bands: Widened, reflecting heightened volatility and trend continuation.
3. MACD: Shows bullish crossover; closely monitor for signs of divergence.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 152.90 USDT (confirm breakout with strong buying volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 153.90 USDT
🎯TP2 (1:2): 155.00 USDT
💢Stop Loss: Below 152.10 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 152.00 USDT (confirmed rejection at resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 150.90 USDT
🎯TP2 (1:2): 149.50 USDT
💢Stop Loss: Above 152.50 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, move Stop Loss to Breakeven upon achieving TP1 (153.90 USDT) and book partial profits (~50% of trade quantity).
Similarly, for Bearish Setup, minimize risks by adjusting Stop Loss to Entry after hitting TP1 (150.90 USDT).
⚡Key Notes ✍️
1. Volume Confirmation: Essential to validate breakout or pullback moves, avoiding false signals.
2. Monitor the 152.90 USDT resistance zone—its breach could unlock new highs for SOL.
3. Stay disciplined and patient; proper risk management is critical during heightened volatility.
Disclaimer: #DYOR*
Buy Or Trade With Me On $SOL