🚀 $SOL /USDT LONG TRADE SIGNAL – STRONG BULLISH MOMENTUM FROM DEMAND ZONE!
$SOL has bounced aggressively off the $152 support zone and flipped the $158.00 resistance into a new support on the 1H chart. A bullish engulfing candle has confirmed momentum with targets towards upper resistance levels.
Trade Setup (LONG):
Entry Price: $159.50 – $160.00
Target 1: $162.40
Target 2: $164.50
Stop Loss: $157.30
Why Long?
Price reclaimed the mid-range structure after a textbook bullish breakout from the demand zone. Strong volume and follow-through indicate bulls are targeting $162.40 next, with continuation likely if broken.
Risk Management Tip:
Always maintain your SL at $157.30. If price breaks below this level, reassess the setup as trend structure would weaken.