The correction is officially over! After a sharp drop, SOL has beautifully carved out a classic "W" bottom and is now establishing a new, powerful uptrend. The current pullback from the recent high is the exact moment savvy traders wait for to join a confirmed trend.
Don't let this minor dip shake you; the bulls have already proven they are in control, and the bottom is in. $SOL
📊 The Bullish Case (Why The SOL Rally Is Real)
🔹 Classic "W" Bottom Reversal: The chart shows a textbook "W" bottom reversal pattern, with a solid low formed around the $158 level. This is a powerful signal that the previous downtrend has ended.
🔹 New Uptrend Confirmed: We now have a clear pattern of higher highs and higher lows. The bullish structure is undeniable, and the momentum has firmly shifted to the upside.
🔹 Healthy Pullback: The current dip is not a sign of weakness but a healthy consolidation. It's the market building energy for the next major surge higher, offering a prime entry point.
🔹 Fantastic Risk/Reward: Buying into this pullback provides an exceptional risk-to-reward ratio. Your potential upside to re-test the highs is massive compared to a tight, defined stop loss. $SOL
📈 The Trade Recommendation:
This is a classic "buy the dip" setup in a newly confirmed uptrend.
✅ BUY: In the current zone of $163.00 – $163.50
🎯 TP1: $168.00 (The recent swing high)
🎯 TP2: $170.00 (Major psychological level)
🛑 SL: $161.50 (A secure stop below the recent consolidation)
🔥 The Bottom Line: The reversal is confirmed, the new uptrend is strong, and this pullback is your golden ticket to get on board. The path of least resistance for SOL is now clearly up.
👇 Do you think SOL will break $170 this week? Let me know your thoughts! 👇
❤️ Like if you're bullish on this SOL setup, and follow for more high-conviction plays.
