$SOL /USDT, here’s a detailed technical breakdown and trade setup:
📊 SOL/USDT Weekly Overview (1W, Binance)
Open: $173.20
High: $181.46
Low: $171.74
Close: $174.97
Weekly Gain: +1.03%
🔹 This is a small-bodied candle with long upper wick, signaling a mild rejection from the $180–181 zone.
🔍 Key Technical Levels
TypePriceNotesResistance$180–$182Local rejection zoneMajor Target$268Next macro target if breakout occursMid-Range Resistance$217–$220Prior weekly high blockSupport$167.64 (also $165.34)Prior breakout retest + weekly demandTrend Base$140–$150High-conviction bounce zone if retraced
🧠 Technical Context
Trend: Bullish continuation from Q1 2025
Structure: Higher lows, attempting to break through major resistance
Volume: Slowing slightly on last push, indicating hesitation near $180
✅ Bullish Setup (Swing Entry)
Plan A: Dip Buy Setup
Entry Zone: $165–$170 (demand zone + prior range high)
SL: Below $160 (weekly invalidation)
TP1: $180
TP2: $220
TP3: $268 (macro extension target)
Plan B: Breakout Setup
Entry: Above $183–185 (confirmed weekly close above resistance)
SL: Below $175
TP1: $220
TP2: $268+
Note: Volume confirmation is key to avoid false breakout
❌ Bearish Setup (Reversal/Short)
Entry: Rejection candle under $180 with strong volume
SL: Above $183
TP1: $165
TP2: $150
Use this only if BTC weakens or SOL fails to hold trendline support
🔭 Next Target: $268
Marked on your chart — this aligns with:
Fib extension (1.618 from $140–$180 leg)
Prior major support from 2021-2022 cycle
Strong psychological + structural resistance zone
📌 Final Notes
SOL remains one of the strongest L1s technically and fundamentally.
For position trades: $165–$170 is a strong re-entry zone.
Watch Bitcoin’s dominance and ETH/SOL performance for rotation clues.
Would you like a shorter-term (1H–4H) setup too?
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