$SOL 👈👈 click here to trade
Current Price: ~$172.68
Trend: Strong bullish trend with consolidation near recent highs.
Structure: Price surged from ~$156 to ~$174, then entered sideways consolidation (bullish flag/pennant formation).
Momentum: Still positive, but needs confirmation via breakout.
Trade Setup:
Bullish Continuation (Breakout) Strategy:
Entry: If price breaks above $174.00 with volume and a strong green candle.
Stop-Loss: $169.50 (below the consolidation support).
Take-Profit:
TP1: $178 (recent psychological round number)
TP2: $182
TP3: $188 (based on flag pole target)
Bearish Trade (if breakdown):
Entry: On breakdown below $166 and retest
SL: $169
TP: $160, then $155