$SOL /USDT ā Oversold Bounce Loading? š„
Current Price: $159.44 (-2.57%)
#Solana is showing early signs of a potential bounce after dipping to the $157.74 low. The price action is forming a base with minor green candles reclaiming $159 support. If bullish momentum picks up from here, SOL could revisit the key resistance zones quickly. Keep an eye on a strong 30m close above $160 for confirmation.
Support & Resistance:
Support: $157.74
Resistance: $165.03
Trade Setup:
Entry Zone: $158.50 ā $160.00
šÆ TP1: $163.00
šÆ TP2: $166.00
šÆ TP3: $172.00
Stop Loss: $156.00
Pro Tip: Ideal entry on a bullish engulfing candle above $160 with increasing volume on 30m or 1H chart.
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