$SOL / USDT – Showing Signs of Recovery! 🌱
$SOL is currently trading at $152.73, showing a gain of +1.99% for the day. The 4-hour chart indicates a recovery after a recent dip, with green candles forming and pushing the price upwards.
Potential Scenario:
Observation: SOL found support and is now attempting to climb back up. Breaking above the recent high could signal further bullish momentum.
Possible Trade Considerations (Watch for Breakout):
Entry: Consider potential entries around the current level or on slight pullbacks towards $152.5, looking for support to hold.
Target 1: $153.40 (24-hour high)
Target 2: $154.0
Final Target: $155.0+ (testing previous highs)
Stop Loss: Place a stop-loss below recent swing lows, perhaps around $151.5, to manage risk.
Key Observation: Watch if SOL can break above the $153.40 resistance level with good volume for potential further upside.
Remember to conduct your own thorough analysis before making any trading decisions. Have a great Monday afternoon here in Multan!
