$SOL Market Trend: Bullish, Breaking Out from Consolidation
Trade Signal
Entry 1 (Long): $184.66 (Current zone - long on bullish momentum)
Entry 2 (Long): $182.19 (Long on pullback to the middle band)
TP1: $186.04
TP2: $188.00
TP3: $190.00
TP4: $192.50
Stop-Loss: $181.50 (Below recent low)
Why This Trade?
SOL has successfully broken out of a recent consolidation phase. The price has bounced strongly from the lower Bollinger Band and has now moved above the middle band, which acts as a key support level. This move, along with the upward expansion of the bands, indicates a shift in momentum to a bullish bias.
Support & Resistance Levels
Support: $182.19 • $181.50 • $179.00
Resistance: $186.04 • $188.00 • $190.00
Market Update for SOL (SOL)
SOL is currently experiencing a shift to positive momentum, with prices attempting to establish a new uptrend. The overall market sentiment for SOL is now bullish, with traders watching for a continuation of this upward move.
