๐๐ฅ #SOLANA is Ready to Blaze Higher! ๐๐
๐ Current Price: ~$164.89 (+3.43%)
๐ Timeframe: ShortโMedium Term
๐ฐ$SOL Trade Signal: BUY on Strength
๐ฅ Entry Zone: $163 โ $165
๐ฏ Target 1: $170
๐ Target 2: $180
๐ก๏ธ Stop Loss: $158
โ๏ธ Risk/Reward: ~2:1
๐ Technical Analysis:
๐ Chart Setup:
SOL broke out of an ascending triangle ๐
Formed a higher high โ trend turning bullish ๐
Holding above key descending trendline support ๐
โก Indicators:
๐ต MACD: Bullish crossover
๐ช Volume: Rising on green candles
โ Pattern: Cup-and-handle formation โ bullish continuation ๐
๐งฑ Support: $163 โ $165
๐งจ Resistance: $170 โ $180
๐ Market Context:$SOL
SOL in a broader range of $153 โ $180
Break above $180 could open the gates to $200+ ๐ค
Drop below $163 could retest $150 area โ ๏ธ
๐ Action Plan:$SOL
โ Buy Zone: $163 โ $165
๐ Stop Loss: $158
๐ Take Profit:
TP1: $170 ๐ฏ
TP2: $180 ๐
๐ Watch RSI & MACD for momentum confirmation โ๏ธ
๐ Cut fast if SOL dips under $163 ๐ซ
๐ข Comment โDoneโ if you trade on this signal!