$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.