💰 #Solana (SOL/USDT) Analysis
Solana is currently approaching a major support zone around $120, which has historically acted as a strong level for price reversals. The current downtrend is likely a correction phase before a potential bullish recovery.
🔹 Key Observations:
Support Level: The $120 zone is a critical area where buyers could step in.
Bullish Recovery Expected: A bounce from this level could push SOL towards key resistance targets.
Potential Double Bottom Formation: If price reacts positively, we might see a reversal pattern forming.
🔹 Entry Strategy:
Primary Entry: Around $120 if price shows a bullish reaction.
Breakout Entry: Consider adding if price breaks above $222 for confirmation of a trend shift.
🔹 Target Levels:
T1: $222.90
Final Target: $316.01
📉 Risk Management:
Stop-loss below $110 to limit downside risk.
🚀 SOL could see a significant bounce if buyers defend the $120 area!
#Solana #Crypto #SOLUSDT #Trading 🚀
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Solana is currently approaching a major support zone around $120, which has historically acted as a strong level for price reversals. The current downtrend is likely a correction phase before a potential bullish recovery.
🔹 Key Observations:
Support Level: The $120 zone is a critical area where buyers could step in.
Bullish Recovery Expected: A bounce from this level could push SOL towards key resistance targets.
Potential Double Bottom Formation: If price reacts positively, we might see a reversal pattern forming.
🔹 Entry Strategy:
Primary Entry: Around $120 if price shows a bullish reaction.
Breakout Entry: Consider adding if price breaks above $222 for confirmation of a trend shift.
🔹 Target Levels:
T1: $222.90
Final Target: $316.01
📉 Risk Management:
Stop-loss below $110 to limit downside risk.
🚀 SOL could see a significant bounce if buyers defend the $120 area!
#Solana #Crypto #SOLUSDT #Trading 🚀
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Penafian
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Subscribe to my Telegram Channel 👉 :
t.me/addlist/y5mi70s3c0Y3MDQ0
Subscribe to my X 👉 : x.com/VIPROSETR
t.me/addlist/y5mi70s3c0Y3MDQ0
Subscribe to my X 👉 : x.com/VIPROSETR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.