$SOL Current Price Action🚨🚀

Recent High: $158.80

Support Level: Currently at $151, showing signs of strength.

Retracement: This correction appears healthy and could be a bullish retest of former resistance turned support.

Technical Indicators

Momentum Indicators: Stabilizing, indicating potential for a bounce.

Stochastic RSI: Resetting from overbought, suggesting room for further upside.

Long Trade Setup (4H Timeframe)$SOL

Entry Zone: $152 – $154

Take Profit Levels:

Take Profit 1: $158

Take Profit 2: $162

Take Profit 3: $168

Stop Loss: $146.50

Outlook

With the current setup, it seems like a great opportunity to consider entering the market! Keep an eye out for bullish engulfing patterns or strong volume candles to confirm your trade.

Buy and trade here on $SOL