$SOL /USDT BULLISH REVERSAL IMMINENT AFTER PULLBACK CONSOLIDATION - LONG TRADE SIGNAL
Trade Setup:
The 15m chart shows the price consolidating after a sharp drop, with a strong retest of the lower Bollinger Band area. The current action suggests accumulation before a push back to recent highs.
• Long Entry: \bm{\approx 231.20 - 231.50} (Entering at current levels or a slight breakout above the immediate resistance).
• Targets (TP):
• TP1: \bm{232.85} (Recent minor resistance/swing high)
• TP2: \bm{234.50} (Mid-level to previous high)
• TP3: \bm{235.20} (Previous swing high)
• Stop Loss (SL): \bm{228.00} (Set below the recent swing low of \bm{228.22} for a safe invalidation point).
Short Outlook of Market:
The broader crypto market is showing a dominant bullish bias, with Bitcoin and other majors hitting new highs, suggesting a favorable environment for altcoin rallies like Solana. On the 15m chart, $SOL /USDT has found a short-term base and is attempting to regain momentum. A successful breakout above the immediate resistance around $$$231.50 would confirm the bullish continuation toward $$$235.00.
