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📊 Short-Term Analysis for $SOL /USDT 🔥
📈 Why a Long Trade?
1️⃣ Key Support at $106.00 - $108.00 🚀
🔹 SOL bounced strongly from the $95.26 low, reclaiming key levels.
🔹 Price is holding well above $108, suggesting buyers are in control.
2️⃣ Bullish Momentum Toward $113.00+ 📊
🔹 SOL is pushing higher with strong candles forming on 1h & 4h.
🔹 If price holds above $110, a retest of $113 - $115 is likely.
3️⃣ High Volume Confirms Strength 🚨
🔹 24H Volume: 12.24M SOL / $1.27B USDT – Solid buying interest.
🔹 Strong volume following recovery from sub-$100 level shows momentum.
4️⃣ Key Resistance at $113.00 - $115.00 🚧
🔹 A clean breakout above $113.00 could trigger a rally toward $118.
🔹 Watch for breakout candle with volume above this zone.
📊 Short-Term Trade Setup
🔹 Long Entry: $108.50 - $110.00 (Buy on dip)
🎯 Targets: $112.00 / $113.00 / $115.00
🛑 Stop Loss: $106.00 (Below support)
🔹 Breakout Entry: Above $113.00 with strong volume
🎯 Targets: $115.00 / $118.00
🛑 Stop Loss: $110.50 (To manage breakout risk)
🔸 Breakout Confirmation:
✅ Clear break and hold above $113 = bullish rally likely
❌ Drop below $106 = weakness, exit longs or wait
⚠️ Risk Management:
🔸 Use tight SL under $106 to protect capital
🔸 Monitor 1h and 4h candles for breakout strength
📈 Overall Bias: Bullish (as long as $108 support holds)