$SOLV /USDT – BULLS EYEING A BREAKOUT ABOVE RANGE RESISTANCE!
Current Price: 0.04598 USDT
Price Action Summary: $SOLV /USDT is showing a subtle bullish tilt, forming higher lows with consistent volume near local resistance. The pair just bounced back from the support region and is now threatening to break out above a key resistance barrier.
Key Levels to Watch:
Resistance Zones:
R1: 0.04740
R2: 0.04780 (major breakout level)
Support Zones:
S1: 0.04520
S2: 0.04460
Trade Setup – Long Position (Bullish Bias):
Entry: Around 0.04590 - 0.04610 (on minor dips)
Targets (TP):
TP1: 0.04740
TP2: 0.04780
TP3: 0.04850 (if breakout confirms)
Stop Loss (SL): 0.04480 (below key support zone)
Market Outlook:
SOLV is gradually picking up bullish momentum with increasing buyer activity near 0.04598. If price holds above 0.04590 and breaks 0.04740, we could see a quick move towards 0.048+ region. However, failing to hold above 0.04520 could drag it back to 0.04460. Volume and momentum indicators suggest a potential upside if resistance is breached.
Risk Management:
Risk only 1-2% of your capital per trade. Always wait for confirmation before entering. Adjust your SL and TP as per your strategy and risk tolerance.