SOL / TetherUS
Panjang

Lingrid | SOLUSDT channel Continuation Pattern Eyes Higher Level

1 518
The price perfectly fulfilled my previous idea. SOLUSDT has declined from the double top structure (TOP1 & TOP2) and is now resting within a support box around the 152–160 zone, which coincides with the lower bound of the upward channel. The price action shows a potential bounce setup forming with a projected move toward 185 if bulls reclaim momentum. A successful rebound from the black trendline could trigger a new impulsive wave toward the upper resistance region.

📈 Key Levels
  • Buy zone: 150.00–160.00
  • Buy trigger: bounce from 152.00 trendline
  • Target: 185.00
  • Sell trigger: breakdown below 150.00

💡 Risks
  • Continued weakness could break the uptrend channel
  • Failure to close above 160.00 would weaken rebound prospects
  • Broader market downturn may override the setup

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Penafian

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