SOL/USDT Final Liquidity Zone Before Major Expansion?
SOL is currently moving in a descending channel on the 1 hour timeframe. The price has touched the lower boundary and is now preparing for a strong breakout, where a retest of the upper boundary is expected.
đ RSI Analysis:
RSI has reached its lower range support. A clear bullish bounce is expected from here as it has happened before.
đŠ Key Support Zone 130:
The green support zone at 130 is a strong liquidity pool.
The price has been rejected from here multiple times, so another bullish reaction is expected.
đ Moving Average Confirmation:
The market is trying to stabilize above the 100 MA.
If the price holds above this, the trend expansion will strengthen.
đŻ Trade Setup:
Entry: 132
Target 1: 134
Target 2: 137
Target 3: 140
â ď¸ Risk Management Important!
Always keep your trade secure:
Set the stop-loss always below the green support zone (130).
Money management is the real weapon of a successful trader.
đŹ If you have any questions, feel free to ask in the comments.
đ Trade here on $SOL SOLUSDT