$SOL BULLISH CONSOLIDATION BEFORE POTENTIAL BREAKOUT
Current Price: $153.76
24h Change: +1.61%
Timeframe Analyzed: 1H & 4H
KEY LEVELS TO WATCH:
Resistance Zone:
$154.50 – Immediate Resistance
$155.00 – Breakout Zone
$158.00 – Next Bull Target
Support Zone:
$151.40 – Strong Support
$149.00 – Key Daily Low & Demand Zone
TRADE SETUP – LONG ENTRY
Entry: $152.50 – $153.80 (Ideal on pullback or breakout confirmation above $155.00)
Targets (TP):
TP1: $158.00
TP2: $162.50
TP3: $168.00
Stop Loss (SL): $149.00 (below key support & daily low)
Trade Rationale:
SOL is holding above key support at $151.40, with strong volume and steady higher lows. Price action suggests a bullish accumulation phase, and a clean break above $155.00 could ignite another impulse wave up.
RISK MANAGEMENT
Never risk more than 1-2% of total capital
Stick to SL/TP plan – no FOMO
Ensure minimum 2:1 risk/reward ratio
Let the trend be your friend – SOL still has fuel!
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