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Pair: SOL/USDT
Timeframe: 1D (daily chart)
Current price: $187.46
After weeks of trading in a tight range and failed attempts, SOL has finally managed to break above the major resistance area at $185 — and just completed a clean retest on the daily timeframe. This type of price action often indicates the start of a strong bullish phase 📈
📊 Trade Setup:
✅ Entry zone: $185–$187 (breakout + retest confirmation)
🛑 Stop loss: $157 (below structure and demand zone)
🎯 Target zones (based on Fibonacci retracement):
🔹 Short-term:
TP1: $219.21 (0.618 Fibonacci)
🟡 Medium-term:
TP2: $252.70 (0.786 Fibonacci)
TP3: $295.51 (Fibonacci 1.0 + previous high)
🔵 Long-term (optional):
TP4: $419.47 (Fibonacci extension 1.618)
📈 Why this setup is important:
✅ Breakout + retest = strong technical confirmation
✅ High volume during breakout – bullish intent
✅ Fibonacci targets align with the previous structure and liquidity zones
✅ Clean structure — invalidation point clearly defined
✅ High potential for return vs. risk (RR > 3 on the full move)
🔍 Risk management tip:
If it closes daily under $185, watch for a failed breakout risk. Always use a stop loss — the market rewards discipline.
🔔 This is currently one of the cleanest breakout and retest structures at a major L1. If bulls follow through, SOL might reclaim $250+ faster than expected.
💬 Do your own research | Not financial advice