$SOL USDT Analysis at 15min..............................
Cup and Handle Pattern (15m timeframe)
Cup formation: Rounded bottom between April 15th – April 17th
Handle: Either forming now or just broken out at the time of your snapshot (10:57 PKT, Apr 17)
Key breakout point:
Above 134.50 – 135.00
Volume confirmation is critical here.
Profit target (measured move):
Measure depth of cup (from the breakout point to the bottom of the cup) and add that to the breakout level.
Caution:
Handle should ideally stay within upper third of the cup
Should not drop more than 1/3 of the cup’s depth
📉 Bearish Flag (inside the handle)
Structure:
Flagpole: Sharp drop before the handle.
Flag: Slight upward-sloping consolidation.
Sell Signal:
Break and close below the flag’s lower trendline with volume.
Profit target:
Length of the flagpole projected down from the breakout.
Caution:
If this breaks down significantly, it invalidates the cup and handle.