$SOL Market Trend: Bullish, Consolidating After Gains
Trade Signal
Entry 1: $181.70 (Current zone - for continuation if it holds)
Entry 2: $180.90 (Buy on pullback towards the middle band)
TP1: $182.20
TP2: $182.80
TP3: $183.40
TP4: $184.00
Stop-Loss: $180.00 (Below recent strong support)
Why This Trade?
SOL has shown a clear upward trend, consistently maintaining its price above the middle Bollinger Band. The bands have expanded upwards, indicating strong bullish momentum. The current slight pullback is a healthy correction after recent gains, suggesting it might be preparing for another move higher.
Support & Resistance Levels
Support: $180.90 • $180.00 • $179.30
Resistance: $182.20 • $182.80 • $183.40
Market Update for SOL (SOL)
SOL is currently displaying positive momentum, with prices consolidating after a period of gains. Volume is moderate, indicating some continued buyer interest. The overall market sentiment for SOL is bullish, with traders anticipating further upward movement if current support levels hold.
