💥$SOL /USDT Resistance Test at 155.28 USDT—Breakout or Rejection?🔥
🌟Current Price: 154.64 USDT (+4.98%)
🌟24-Hour High: 155.28 USDT (Resistance Zone)
🌟24-Hour Low: 144.68 USDT (Support Level)
Trading Volume (24H):
🌟SOL: 3.43M SOL
🌟USDT: 512.86M USDT
$SOL is testing its resistance zone near 155.28 USDT, indicating strong trading momentum
⚡Technical Insights 🔎
🔸Bollinger Bands: Expanding—volatility increasing, favoring breakout setups.
🔸RSI: Approaching overbought—momentum remains strong, but caution needed.
🔸MACD: Bullish divergence intact—trend continuation possible.
🔸Key Support/Resistance Levels:
Support: 140.32 USDT
Resistance: 155.28 USDT
⚡Trade Setups 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 155.50 USDT (validated by rising volume)
👇Take-Profit Targets:
🎯TP1 (1:1): 157.50 USDT
🎯TP2 (1:2): 160.00 USDT
💢Stop Loss: Below 153.50 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 153.50 USDT (confirmed rejection at resistance)
👇Take-Profit Targets:
🎯TP1 (1:1): 151.50 USDT
🎯TP2 (1:2): 149.50 USDT
💢Stop Loss: Above 155.50 USDT
⚡Risk Management Tips ⚠️
Move Stop Loss to Breakeven after hitting TP1 in either setup.
Secure Partial Profits (~50%) at TP1 levels for safer management.
⚡Key Observations ✍️
1. Validate breakout/pullback moves with volume confirmation to avoid false signals.
2. Monitor the 155.28 USDT resistance zone—breaking this may unlock extended bullish upside.
3. Stick to disciplined entries/exits and proper risk management strategies to navigate current market conditions.
👉Buy Or Trade With Me On $SOL