📈 Asset name: Solana / TetherUS (SOL/USDT)
📅 Date: June 2, 2025
🕒 Timeframe: Daily (1D)
💵 Daily opening price: 157.68
🚨 Signal: Buy (Long)
📊 Confidence level: 79% 🟢
🔟 Reasons to buy 🟢🟢
🟢 The price touched the bottom of the cloud (Kumo) and bounced back – strong support.
🟢 Higher low (HL) compared to the previous drop – potential beginning of an upward wave.
🟢 Chikou Span support for the price – no direct resistance behind it.
🟢 Tenkan-sen crossing above Kijun-sen in today's candle – positive crossover.
🟢 ZigZag indicators show the beginning of an upward wave after the last low.
🟢 Strong rebound with a long bullish candle from around the 150 level.
🟢 Clear consolidation above the strong psychological level of $150, confirmed support.
🟢 The price has returned inside the cloud – potential positive transitional phase.
🟢 Good trading volume in the recent support candles – clear entry for buyers.
🟢 The technical formation (Higher Low + potential breakout of the cloud) sets the stage for a possible rise.
🎯 Targets in numbers:
First target: 165.00
Second target: 178.00
Third target: 195.00
⏳ Expected time to reach the first target: 3 to 6 days
📈 Percentage rise from the opening price:
Target 1: +4.64%
Target 2: +12.91%
Target 3: +23.66%
📈 Long Trade Plan:
Buy entry from the current price: 155.84
Stop Loss: 148.00
Targets:
TP1: 165.00
TP2: 178.00
TP3: 195.00
🛠️ Target breakdown:
40% of the trade at the first target
35% at the second target
25% at the third target with a trailing stop activated after TP2
⚠️ This is technical analysis only, good luck to everyone
