Buy trade signal on $SOL /USDT - Bullish control

Entry price: $167.12

Target 1: $168.80

Target 2: $170.50

Final target: $172.30

Stop loss: $163.90

Why buy?

The price of #Solana (SOL) shows strong bullish momentum, currently up 4.05%, with a clear breakout above the resistance area at $165. The price is forming higher highs and higher lows on the short-term chart, confirming an upward trend. This trend is supported by a strong increase in trading volume, with over $686 million worth of Tether traded in the last 24 hours.

If the price of SOL continues to hold above the $166.50 level, it may attract more buying interest and push it towards the $170 area or higher. There is no significant resistance until the $172 area, allowing for a potential extension.

In the case of a short-term pullback, the $164-165 area is expected to provide strong support and may offer a good opportunity for a rebound.

Risk management advice: Consider adjusting the stop loss upward once the first target is reached to take profits and manage downside risk.

For selling and trading, please contact $SOL