$SOL Market Update & Trade Idea 🔥

$SOL is holding strong after a healthy pullback from the local high at 166.74. Bulls are defending the key support zone at 160.0–162.0, with liquidity building up below. Momentum on the 4H and 1D timeframes remains bullish despite short-term selling pressure.

📊 Current Outlook:

🔹 1D: Uptrend intact, pullback volume decreasing – signs of accumulation.

🔹 4H: Potential bull flag forming, watch for breakout.

🔹 1H: Price testing demand zone near 160.5–162.0.

🚀 Scenarios:

✅ Bullish: Rebound from 160.5–162.0 ➝ move to 167.5, then test 169.0.

⚠️ Neutral: Sideways consolidation between 160.0–165.0 before breakout.

🔻 Bearish: Break below 160.0 ➝ possible drop to 156.5–155.8.

🎯 Potential Setup:

💎 Entry zone (if rebound confirms): 160.5–162.0

🎯 Targets: 167.5 / 169.0

🛡 Stop loss: below 155.8

📢 Key Takeaway:

$SOL is gearing up for its next move. Watch for a strong bounce in the support zone – confirmation could open the way for a push to new local highs. Stay alert and manage your risk.

📈 Who’s ready to catch this wave? 🌊🔥