$SOL
USDT BULLISH REVERSAL SETUP – PREPARE FOR A STRONG PUSH UP!
After an extended descending channel, $SOL is showing signs of a potential reversal from its support zone.
🔑 Key Levels:
Current Price: $148.87
Major Support: $147.30 - $147.50 zone
First Resistance: $156.68 - $157.09
Second Resistance: $160.03
📈 Trade Setup:
Long Entry: $148.50 – $149.50
Take Profit 1: $156.68
Take Profit 2: $160.03
Stop Loss: $147.30
💡 Market Outlook: SOL is trading at the lower boundary of its descending channel, hinting at an imminent bullish reversal. A breakout above $150 could accelerate momentum towards $157 and $160 levels. Monitor volume confirmation for safe entries.
⚠️ Risk Management: Use strict SL at $147.30 to minimise downside risk. Do not over-leverage in reversal trades.
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