$SOL – Dipping or Prepping for a Rebound?
$SOL is trading at $166.06 (+3.23%), cooling off after hitting a local high of $173.11. The 15-minute chart shows a clear downtrend confirmed by SAR dots aligning above the candles, reflecting short-term bearish momentum. However, the price is stabilizing around a key support zone near $165, indicating possible consolidation.
Despite the recent dip, SOL remains up ~20% over 30 days, suggesting underlying bullish strength. A bounce from this level with strong volume could trigger a short-term reversal toward $170+. Keep your eyes on SAR flipping and a bullish crossover confirmation.
Trade Setup:
• Entry: $166.00
• TP1: $169.00
• TP2: $172.50
• TP3: $175.00
• SL: $163.80
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