**🚀 $SOL ASCENDING CHANNEL BOUNCE – BULLISH REVERSAL IN PLAY?**
**$SOL/USDT** is testing a **critical demand zone** at the lower trendline of its ascending channel—a textbook reversal spot for swing traders!
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### **📊 Key Technicals**
- **Current Price:** **$149.95** (Testing lower channel support)
- **Structure:** **Higher highs & higher lows** (Bullish AF)
- **Key Levels:**
- **Support:** **$149–$150** (Channel baseline)
- **Resistance:** **$154 → $156** (Upper trendline & recent highs)
- **Momentum:** RSI near oversold, MACD hinting at bullish reversal
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### **🎯 Optimal Trade Setup**
- **Entry Zone:** **$149.50 – $150.20** (Bounce confirmation)
- **Take Profit Targets:**
- **TP1:** **$153.80** (Mid-channel exit)
- **TP2:** **$156.00** (Upper trendline & profit-taking zone)
- **Stop Loss:** **$147.30** (Channel breakdown = invalidation)
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### **💡 Why This Works?**
✅ **Ascending Channel = Institutional Bias** (Smart money buys dips)
✅ **1H Bullish Structure Intact** (No lower lows yet)
✅ **Low-Risk, High-Reward** (1:3 RR ratio)
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### **⚠️ Risk Alert**
- A **close below $147.30** invalidates the setup → could signal deeper correction.
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**🔥 Final Call:**
SOL’s price action is **respecting the channel perfectly**. If you’re looking for a **high-probability long**, this is your spot. **Bounce or breakdown?** Comment your take! 👇
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