$SOL /USDT Consolidating After a Strong Rally – Next Move Incoming
Trade Plan:
Entry Range: $225 – $235 (Accumulation Zone)
Targets:
Target 1: $246
Target 2: $274
Target 3: $295 (Retest of recent high)
Stop Loss: Below $218 (Break of key support)
Analysis:
Breakout Levels:
A break above $246 may confirm bullish momentum toward $274.
A breakout above $295 could lead to a push toward $306.
Volume Confirmation:
24h Volume: 2.93M SOL, indicating steady interest.
USDT Volume: $688.58M, ensuring high liquidity.
Monitor rising buy volume for confirmation of bullish continuation.
Risk-to-Reward Ratio:
Entry at $230, Stop Loss at $218, and Target at $274
Risk: $12 | Reward: $44
R:R Ratio: 1:3.6, making this a favorable trade setup.
Call to Action:
Monitor price action near $235–$240 for a breakout.
Set alerts for volume spikes and confirmation candles above key levels.
Manage risk and trail stops if price moves in favor.
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