đ€©đŠ â$SOL /USDT â Ascending Triangle Breakout Watch | Key Levels $221 â $229/$242ââšâšâš
Current Price: $220.29 (+7.21%)
Pattern: The chart is forming an ascending triangle â a bullish continuation pattern.
Support trendline: Starting from $190.80, price has been making higher lows.
Resistance zone: Around $220â221, repeatedly tested.
đ„đ” Bullish Scenario (Ascending Triangle Breakout)
Entry: On a 4H candle close above $221 with good volume.
đ„Targets:
1ïžâŁ $229 (first target / partial profit)
2ïžâŁ $242 (strong resistance zone)
3ïžâŁ $253 (major swing high)
Stop-Loss: Below $215 (to protect from false breakout).
đ„đŽ Bearish Scenario (Rejection at $221)
Entry: If price rejects strongly from $221 and closes below $215.
đ„Targets:
1ïžâŁ $201.5 (key support)
2ïžâŁ $190.8 (recent swing low)
Stop-Loss: Above $222 (to avoid short squeeze).
đ„Targets after breakoutđ
Target take profit :$229
Target take profit :$242
Target take profit :$253 (previous swing high).
đ„đSupportâ
$215 (short-term support).
$201.5 (major support if breakdown happens).
đ€©đIf SOL breaks above $221 with strong volume â likely rally towards $229 â $242.
đIf rejection occurs at $221 â it could retest $215, and deeper pullback possible to $201.
Watch for breakout candle confirmation (strong green candle above $221 with volume).
â đ„Tip: Watch volume. Breakouts without strong volume often fail.
Risk-Reward looks better on the bullish side, since the ascending triangle generally favors upside.