$SOL /USDC BULLISH MOMENTUM BUILDS โ READY FOR LIFT OFF ๐๐ฅ
Solana ($SOL) is showing strong recovery signs with price action pushing toward key resistance, currently trading at $164.97 (+2.42%). Indicators signal a bullish continuation if buyers hold control ๐ง ๐
---
๐ TECHNICAL SNAPSHOT:
Current Price: $164.97
EMA(7): $164.80
EMA(25): $163.49
EMA(99): $160.33
MACD: -0.11 (slight bearish crossover, but flattening โ watch for flip ๐)
RSI(6): 61.21 (uptrend zone, plenty of room to run ๐)
---
๐ KEY LEVELS TO WATCH:
Support Levels:
๐ก๏ธ $162.07 (minor support)
๐ก๏ธ $160.00 (strong dynamic support near EMA99)
Resistance Levels:
๐บ $165.70 (24h high โ breakout point)
๐บ $166.17 (next target โ potential surge zone)
---
๐ TRADE SETUP โ LONG POSITION ๐ผ
Entry: $165.00โ$165.50 (on breakout confirmation above local high)
Target 1 (TP1): $168.00
Target 2 (TP2): $171.50
Stop Loss (SL): $161.90 (below EMA99 & last major support)
๐ Risk/Reward Ratio: ~2.5+ โ favorable for breakout traders
---
๐ก๏ธ RISK MANAGEMENT TIP: Always risk only 1-2% of your total capital per trade. Avoid revenge trading. Stick to plan, adjust on close only ๐ง โ
โกMomentum is on the bulls' side โ eyes on that $166 breakout!โก
