$SOL Struggles Below Resistance – Breakout Pending or Reversal Incoming?
SOL/USDT is currently trading at $153.12, holding a +4.30% daily gain. After reaching a high of $155.02, price is now showing signs of rejection near resistance, with volume gradually declining. Consolidation near the $153.00 level signals an upcoming breakout or breakdown.
Key Levels to Watch:
• Resistance: $154.60 – A breakout above this could push price toward $155.90 and $157.50.
• Support: $153.00 – A breakdown here might drag SOL toward $151.40 and $149.60.
Trade Setup – Neutral Zone, Watch for Trigger
Bullish Scenario:
• Entry: On a confirmed breakout above $154.60
• TP1: $155.90
• TP2: $157.50
Bearish Scenario:
• Entry: On breakdown below $153.00
• TP1: $151.40
• TP2: $149.60
Stop-Loss: Use tight stops beyond support/resistance levels to manage risk during volatility.