$SOLV 🚀 BREAKOUT CONTINUATION 🔥
Chart Overview
The chart highlights a key inverse head & shoulders reversal pattern with a neckline around $0.046–$0.047—a classic bullish signal. Price is currently testing this zone, suggesting a potential breakout if momentum continues.
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Fibonacci Retracement Levels
Using the recent swing low of $0.04137 and swing high of $0.04553:
Level Price (USDT)
38.2% Retracement ~$0.0420
50.0% Retracement ~$0.0435
61.8% Retracement ~$0.0450
Recent analysis shows SOLV finding temporary support near the 61.8% level (~$0.0443–$0.0450), and a close above the neckline (~$0.047) with volume could confirm bullish continuation potential.
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Trading Strategy
1. Breakout Long (Momentum Entry)
Trigger: Daily close above $0.047 with strong volume
Stop-Loss: Below $0.044
Targets:
T1: $0.052
T2: $0.060
2. Pullback Long (Support Entry)
Entry Zone: $0.044 – $0.045 (61.8% Fib + prior support)
Stop-Loss: Below $0.042
Targets:
T1: $0.047
T2: $0.052
Confirmation & Risk Management
Validate entries with volume surges and momentum confirmations like RSI or MACD.
Keep per-trade risk to 1–2% of your capital.
Combine Fibonacci levels with chart patterns (e.g., inverse head & shoulders) for stronger setup conviction.
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