$SOL

📊 Current Price:

$149.11 (-1.72%)

📅 Chart Timeframe:

15-Minute Chart on Binance

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🔎 Pattern Overview:

✅ Bullish Scenario (Green Path):

The chart shows a W-shaped double bottom pattern forming near $147.70.

A successful breakout above the neckline (resistance zone) near $150.50–151.00 may confirm a bullish reversal.

Target after breakout: $153.60+ (Previous high).

Confirmation required: A strong candle close above the neckline with volume.

⚠️ Bearish Scenario (Red Path):

If price fails to break the neckline and gets rejected near $150.50, a reversal back to $147.70 support zone is likely.

Breaking below $147.70 could lead to further downside.

Volume on sell side still dominant (56.12%), so watch for signs of rejection.

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📈 Indicators:

MA(7): $149.15 (acting as resistance)

MA(25): $148.92 (nearby)

MA(99): $150.36 (major resistance near neckline)

MA(5): Showing slight uptrend

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🔄 Volume Analysis:

Recent buy volume increased on the second leg of the W-pattern.

Need stronger bullish volume to confirm breakout.

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🧭 Key Levels:

Support: $147.70

Resistance: $150.50–150.80 (neckline zone)

Breakout Target: $153.60

Breakdown Risk: Below $147.70

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📌 Strategy Suggestion:

Aggressive Long: Enter on breakout above $150.80 with volume confirmation.

Conservative Long: Wait for retest of neckline after breakout.

Short Setup: Enter on rejection at $150.50 with tight stop above $151.00.