Hey Binance Square family! Solana (SOL/USDT) is showing signs of bullish momentum with a micro falling-wedge breakout in progressāplus a clean structure on higher timeframes. This swing/intraday setup offers structured entry, defined risk, and clear targets. Letās dive in, community-style: friendly, informative, and Binance Square compliant. As alwaysāDYOR and trade with care! š
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š Whatās Going On in the Charts?
A micro falling wedge on the 4H/1H SOL chart has just broken out above the upper trendline and $150ā$152 resistance, likely flipping it into new support .
SOL is now retesting the breakout zone (around $148ā$150), which is typical before continuation moves .
On higher timeframes, a bullish flag and potential cup-and-handle formations support the case for continuation toward at least $167ā$174 .
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šÆ Trade Setup Breakdown
Trade Type Entry Condition Stop-Loss Target Zones
Aggressive Rejection or bounce confirmation near $150 Just below $148 TP1: $154ā$155 ā¢ TP2: $168ā$174 ā¢ TP3: $186ā$190
Conservative After retest, enter on 4H/1H bullish close Below $148 Same target progression
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ā Why This Setup Makes Sense
1. Falling wedge breakout is a classic bullish signalāSOL cleared the upper trendline above $150 .
2. Retest of breakout level around $148ā$150 allows for cleaner entries .
3. Bullish flags & cup-and-handle patterns on daily/weekly charts suggest extended upside .
4. Higher timeframe channel support, such as broken downtrend line, now becoming supportāstrengthens bullish structure .
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š Trade Execution & Tips
1. Set entry alert near $150 on confirmation candle or retest bounce.
2. Use stop-loss just under $148 or last structure low.
3. Manage targets:
TP1: $154ā$155
TP2: $168ā$174
TP3: $186ā$190 if momentum flows.
Take partial profits at each stage and trail stops on the rest.
4. Position sizing: Risk only 1ā2% per trade.
5. Volume confirmation is keyāenter only after breakout or bounce shows strong volume support.
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ā ļø Risk Reminder
This is educational content, not financial adviceāalways DYOR.
Confirm signals with volume and clean candle closes.
If price drops under $148, exit and reassessāno wishful thinking.
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š¬ Bottom Line
SOL has broken out of a falling wedge and is retesting that breakout around $150. A successful bounce above this zone opens the door to $168ā$174 and potentially $186+. This is a structured, disciplined setupāgreat for swing or intraday traders, based on technical clarity.
Need help setting alerts, sizing stops, or scanning other setups? Iāve got you, Square fam! šš¬
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š”ļø Binance Square Compliant:
ā¢ Clear entry/SL/TP levels
ā¢ Data-driven, friendly tone
ā¢ No hype or referral links
ā¢ DYOR reminder included