๐ Timeframe: Daily Chart
๐ธ Current Price: $173.75
๐ฏ Target Price: $204.0
๐ SOL Chart Looks Strong โ Rounding Bottom Pattern Forming
Solana (SOL)$ETH
is forming a perfect and large rounding bottom pattern on the daily timeframe. This kind of pattern usually signals a strong bullish breakout ahead. Price action is slowly shifting upward, showing signs of accumulation and a change in market sentiment from bearish to bullish.
If SOL retests the neckline and then breaks out with strong volume, we could see a solid upward move from here.
๐ Key Levels โ Marked Clearly on the Chart
I've marked all the important support and resistance levels on the chart. You can easily use these levels to plan your trades:$BTC
Entry Zone: After breakout, wait for volume confirmation
Stop-Loss: Just below the neckline
Target: First target is $204 โ good upside potential
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โ๏ธ So What Should You Do?
Simple:
Keep an eye on the chart
Watch for a clean breakout
Manage your risk
Take profits when the time is right ๐
If this pattern plays out as expected, SOL could perform really well in the short term. But remember โ always DYOR (Do Your Own Research) before entering any trade.
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โ Final Thoughts
SOL is showing a strong technical setup. The rounding bottom on the daily chart is clearly forming. If we get a breakout with volume, hitting $204 is very possible. All key levels are marked โ now itโs all about smart planning and execution.
#SOL #Cryptocurrency #Pump #ChartAnalysis #DYOR๐ข