$SOL 🚀 BULLISH MOMENTUM 🚀

Chart Overview

The chart shows Solana pausing within a price zone after a strong rally. Historical swings between approximately $150 and $200 clearly define key support and resistance levels that align with Fibonacci retracement zones. Recent price action has seen SOL holding above pivotal retracement levels—suggesting bullish bias.

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Fibonacci Levels Setup

Using a swing low near $150 and a swing high around $200, here are the key Fibonacci retracement and extension zones:

Fibonacci Level Price (USDT)

38.2% Retracement ~$171.0

50.0% Retracement ~$175.0

61.8% Retracement ~$180.0

100% Breakout Level ~$200.0

127.2% Extension ~$207–$208

161.8% Extension ~$218–$220

The current price (~$184) sits just above the 61.8% retracement, a classic “golden pocket” and a strong zone for trend continuation.

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SOL Trading Strategy

Pullback Long (Lower-Risk Entry)

Entry Range: $175–$180

Stop-Loss: Below $170

Targets:

T1: $200 (recent swing high)

T2: $207–$208 (127.2% extension)

T3: $218–$220 (161.8% extension)

Strategy Overview Table

Strategy Type Entry Zone Targets Stop-Loss

Pullback Long $175–$180 $200 → $207–$208 → $218–$220 <$170

Breakout Long >$200 + volume $207–$208 → $218–$220 → $230+ <$180

Rejection Short ~$200 Retreat to $175–$180 >$205

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Extra Layers & Risk Management

Validate entries with volume spikes and momentum tools like RSI/MACD.

Cap trade-level risk to 1–2% of your capital.

Combine Fibonacci zones with chart patterns, trendlines, or candlestick confirmations for higher probability setups. This aligns with best practices in technical analysis where confluence strengthens signal reliability.

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