$SOL /USDT - BULLISH BREAKOUT IMMINENT! 🚀

Here's a quick technical analysis of the current Solana chart:

Current Price: $205.02

Key Levels:

* Resistance: The immediate resistance is around $205.55 (recent high). A clear break above this level is crucial for continued bullish momentum. 📈

* Support: Strong support is observed around the MA(7) at $204.40, followed by MA(25) at $203.73 and MA(99) at $202.21. These moving averages are currently acting as dynamic support. 🛡️

Trade Setup (Long):

Given the current bullish price action and the recent push above key moving averages, a long setup seems favorable.

* Entry: Consider a long entry if $SOL decisively breaks and holds above $205.55. You could also consider an entry on a retest of $205.55 as new support.

* Take Profit (TP):

* TP1: $207.00

* TP2: $209.50

* TP3: $212.00

* Stop Loss (SL): Place your stop loss below the immediate support, for example, at $203.50. 📉

Risk Management:

Always use proper risk management! Do not risk more than 1-2% of your trading capital per trade. Ensure your position size is appropriate for your stop loss and overall risk tolerance. Protect your capital! 💰

Disclaimer: This is not financial advice. Do your own research and analysis before making any trading decisions.

#BinanceHODLerOPEN #MarketPullback #ListedCompaniesAltcoinTreasury #GoldPriceRecordHigh #Write2Earn! $SOL