$SOL
š SOL/USDT ā 1H Bullish Rebound Setup
š Timeframe: 1H
š° Current Price: $177.77
š Support Level: $169.48
š Trend Context: SOL just bounced strongly from the $169.48 support zone with bullish candles forming on lower timeframes. Momentum is shifting upward, eyeing the next key resistance at $205.63.
š© Entry Plan (Long Bias):
š Entry Options:
Market Entry: $176.00 ā $178.00 (momentum continuation zone)
Retest Entry (Conservative): $171.50 ā $173.50 (potential pullback to higher low)
Aggressive Dip Buy: $169.80 ā $170.20 (near support reload zone)
šÆ Take-Profit Targets:
TP1: $185.00 (minor structure resistance)
TP2: $195.00 (range mid-point resistance)
TP3: $205.63 (major resistance zone from higher timeframes)
š”ļø Stop-Loss:
SL: $167.50 (below key support, invalidates bullish setup)
āļø Risk-Reward Example:
Entry: $173.00
SL: $167.50
TP2: $195.00 ā Risk:Reward ā 3.6:1
š Alternate Bearish Scenario:
If SOL breaks and closes below $169.48 with volume:
š Expect further drop toward $162.00 ā $158.00
Would confirm failed support and deeper correction
š„ Signal Strength:
Moderate to Strong ā Bounce from key support with bullish structure forming. Needs follow-through and volume to push through $185 for higher targets.