🚨 SOL Trade Setup — Key Levels & Plan 🚨
(see attached chart) 📉📐
🔍 Context & Technicals$SOL
According to Binance, SOL’s technical rating is Strong Buy: most moving averages are bullish, many oscillators showing buy signals.
SOL recently peaked near $253–$245, but now correcting downward. Support seems to be forming in the ~$235–$225 zone. $TWT
From older analysis, key resistance levels are $180 and psychological $300 if momentum resumes.
🎯 Key Levels (shown in chart + external data)
Resistance zones: ~$244-$253 area$TUT
Support / accumulation zone: ~$235-$225
Further lower support if drop: fib levels near ~$220-$217 zone shown in the chart orange box
Upside target if bounce holds: fib extension area above current resistance (~$260-$280)
💡 Trade Plan
Entry ideas: Buying dips into the orange support box ($235-$225) with confirmation (bullish reversal, volume)
Targets:
1️⃣ First target — $245-$255 resistance retest
2️⃣ Extension — $260-$280 if breakout happens
Stop-loss: Below the bottom of the support box (just under ~$220) to limit downside risk
Risk management: Low leverage, scale in positions, watch for false breakouts
⚠️ What to Watch
Volume spike on bounce = good sign
If SOL fails to hold ~$225, risk of deeper retrace toward ~$200-$180
Keep eyes on macro: altcoins often follow BTC & rate-expectations
👇 Drop a 🐂 if you're long SOL, 🐻 if holding off for lower entries. Share this with your trading circle!