#BreakoutTradingStrategy
๐ Breakout Confirmation in Motion: $SOL Eyes Higher Levels!
Current Price: $153.47 (+0.20%)
Chart Pattern: Ascending Triangle โ
Breakout Status: Confirmed above key $153 resistance!
After multiple rejections near $153, $SOL has finally broken out of its ascending triangle โ powered by a strong bounce off the $148 support and backed by solid bullish momentum. The rising trendline structure is intact, and volume is picking up. The stage is set for potential continuation toward $157+.
๐ Trade Setup
๐ฅ Entry Zone: $153.30 โ $153.50 (Breakout zone)
๐ฏ Take Profit Targets:
TP1: $155.80
TP2: $157.41
๐ Stop-Loss (SL): $151.58 (Below rising trendline & prior support)
๐ Pro Tip for Traders
โ Wait for a 1H candle close above $153.60 for a strong confirmation.
๐ If price retests the breakout zone and holds above $153, it may offer a textbook re-entry with great risk-reward.
๐ฅ Summary:
Bullish structure + breakout from triangle = high conviction setup.
With trend and momentum aligned, $SOL looks primed for liftoff.