Analysis and Recommendation
$SOL /USDT - Preparing a Buy Trade - Strong Bullish Momentum 💯 🔥
Current Price: 199.61
Market Structure: SOL is trading near the upper limit of its daily range after breaking multiple resistance levels, showing strong bullish candles and consistent higher lows.
Entry Level:
Enter a buy trade between 198.50 and 200.00 on a slight pullback or stabilization.
Stop Loss:
Place the stop loss below 195.00 to manage downside risk.
Target Points:
First Profit Target: 202.50
Second Profit Target: 205.00
Third Profit Target: 208.00
Trading Analysis:
The SOL breakout is supported by strong trading volume and a solid market structure. If the price holds above the support area of 198.50-200.00, momentum may push it to re-test its recent high near 204.96, possibly exceeding it.
Buy and trade from here and follow the recommendation