Maccoy6969

$SOLV struggling

Down -16.73%, now at 0.0627 USDT

24H High: 0.076
Low: 0.0613 – testing fresh lows with heavy selling pressure!

Volume surging with 495.45M SOLV traded

We can see a bounce from support

#AnimecoinOnBinance #BinanceAlphaAlert

🚀 $SOLV /USDT - Bullish Cup Pattern Breakout on the Horizon? 🚀



Entry Point: $0.0846 - $0.0880
Targets:

Target 1: $0.12

Target 2: $0.15

Stop Loss: $0.0750

Market Highlights

1. Cup Pattern Formation: $SOLV is nearing the completion of a textbook cup pattern, with the resistance zone forming around the $0.15 level. This classic bullish structure often signals the potential for a strong upward breakout.

2. Volume Increase: A noticeable uptick in trading volume suggests growing interest and momentum in $SOLV . Traders often look for such confirmations in the cup pattern to anticipate price action.

3. Key Resistance Zone: The $0.15 level is the critical resistance to watch. A breakout above this level could spark a significant rally as buyers overpower sellers.

Key Levels to Watch

Immediate Resistance: $0.10 and $0.12 before the breakout at $0.15

Support Zone: $0.08 to $0.075

Analysis

The cup pattern indicates a period of consolidation and accumulation, followed by a bullish breakout. The rounded base showcases strong support at lower levels, while the price gradually inches toward the resistance zone. If SOLVE manages to break and hold above $0.15 with strong volume, it could set the stage for a sustained rally.

Traders are advised to monitor the volume closely as the price approaches $0.15. A confirmed breakout with high volume could indicate the beginning of a new bullish phase.

Pro Tip:

To minimize risk, consider scaling into positions as the price nears the breakout point and set a trailing stop-loss to secure profits during potential pullbacks.

#Write2Earn!