SOLUSDT has been exhibiting strong bullish momentum, currently trading within a broadening wedge pattern. This technical structure often signals increased volatility and the potential for decisive moves in either direction. In the present scenario, the breakout above the psychological $200 resistance level suggests that bulls are firmly in control, fueling hopes of further upside.
The continuation of momentum hints at the market preparing for another leg up. The immediate price target lies at $300, where traders may expect some profit-taking and resistance. However, should momentum sustain and buying pressure persist, SOLUSDT has the potential to surge toward the $700 region, aligning with the pattern’s projected price expansion.
As always, managing risk is key. Use a well-placed stop loss below the support level to protect your capital. Breakouts can be explosive, but discipline and proper risk management make all the difference.
SOLUSDT Currently trading at $201
Buy level : Above $200
Stop loss : Below $150
Target 1: $250
Target 2: $300
Target 3: $500
Target 4: $700
Max leverage 2x
Always keep stop loss
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