๐Ÿš€ $SOL/USDT BULLISH BOUNCE INITIATED โ€” BUYERS DEFENDING THE ZONE STRONGLY!

$SOL


SOL just delivered a sharp bounce off the $160.12 support after a strong wick down, indicating aggressive buying interest at key levels. At the time of writing, SOL is trading at $165.63, successfully flipping the $165 resistance into short-term support on the 30-minute chart. Volume is beginning to stabilize โ€” a signal that momentum may be shifting back in favor of the bulls.



๐Ÿ“ˆ TRADE SETUP (LONG):




  • Entry Zone: $164.80 โ€“ $165.70



  • Take Profit (TP):




    • Target 1: $170.14



    • Target 2: $177.74



    • Target 3: $179.80



  • Stop Loss (SL): $160.12



๐Ÿ” MARKET OUTLOOK:


If bulls manage to hold above $165, the next area of interest lies in the previous supply zone near $170+. A confirmed breakout above $173.50 could signal a mid-term trend reversal and solidify the bullish narrative.



โš ๏ธ RISK MANAGEMENT:


Stick to tight stop-loss strategies to mitigate deeper retracements. Only risk 1โ€“2% of your capital per trade โ€” capital preservation is key in volatile markets like this.



๐Ÿง  PRO TIP:


Momentum favors the early movers. Join the wave before the breakout candle confirms the trend. This might be your best shot before the next surge kicks in!



๐Ÿ’ฌ Found this analysis helpful?

๐Ÿ‘ Like, ๐Ÿ” Share, and ๐Ÿ—จ๏ธ Comment below which pair you want broken down next!


๐Ÿ“Š Stay ahead. Stay informed. Stay alpha.


#CEXvsDEX101 #TradingTypes101 #MarketPullback #ElonMuskDOGEDeparture #BinanceAlphaAlert #SOL