Solana ($SOL ) is Breaking Out - Here's
the Plan!
Solana is showing strong bullish momentum, currently trading at $142.28. The price has recently broken through key resistance levels, indicating a potential upward trend.
Technical Snapshot:
• Current Price: $142.28
• Intraday High: $142.43
• Intraday Low: $135.99
• Recent Resistance Levels: $135, $140
• Next Target Resistance: $150, $160
Entry Strategy:
• Entry Point: Consider entering around $140 if the price retests this level as support.
• Stop Loss: Set a stop loss at $135 to manage risk.
• Take Profit Targets:
• Target 1: $150
• Target 2: $160
Target 3: $180
Market Sentiment: While some indicators
suggest a bearish sentiment ,the recent price action indicates a potential reversal. Traders should monitor volume and RSI for confirmation
Stay Informed: Keep an eye on market news and technical indicators to adjust your strategy accordingly.
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