$SOL BREAKOUT OR PULLBACK?
$SOL is currently trading at $178.72, showing a modest recovery after dipping below key support. However, it’s now facing overhead resistance and entering a tight consolidation zone. The next breakout or breakdown will define the short-term trend.
Key Levels to Watch
Resistance Levels:
• $180.40 – Immediate resistance from recent candle rejection
• $181.50 – Secondary supply zone
• $183.80 – Key resistance near 24H high
Support Levels:
• $177.00 – Current bounce level
• $175.30 – Mid-range safety net
• $172.10 – Strong 24H base and trend support
Trade Setup – Get Ready for Volatility!
Bullish Entry:
A confirmed breakout above $180.40 could push $SOL toward:
• TP1: $181.50
• TP2: $183.80
Bearish Entry:
A drop below $177.00 could trigger a move down toward:
• TP1: $175.30
• TP2: $172.10
Stop-Loss:
Use tight stops near breakout/breakdown zones (e.g., above $181.80 or below $176.50) to manage risk effectively.