๐ฅ SOL/USDT โ Technical Analysis
SOL returned strongly to the 117โ121$ zone after bouncing from lower levels.
๐ Key levels:
๐ข First support: 115$
๐ข Strong support: 112$
๐ด Main resistance: 120โ121$
๐ข Trade 1 โ LONG from support
Entry: 115 โ 116.5$
SL: 112$
TP1: 120$
TP2: 125$
TP3: 130$
๐ Trade 2 โ LONG after a breakout
We wait for a clear close above 120โ121$ then a successful retest.
Entry: 119.5 โ 121$
SL: 116.5$
TP1: 125$
TP2: 130$
TP3: 135โ138$
๐ด Trade 3 โ SHORT if support breaks
If SOL breaks below 115$ and the breakdown is confirmed:
Entry: 114.5 โ 115$
SL: 118.5$
TP1: 112$
TP2: 108$
TP3: 103โ105$
โ ๏ธ My advice:
Donโt chase the price after a rise. Wait for a pullback or a confirmed breakout.
Use a Stop Loss and risk management, and donโt put all your capital into one trade.
๐ฅ The critical level now: 120โ121$
Above it = we watch for confirmation of the breakout
Below it = we stay cautious
Break below 115 then 112 = stronger selling pressure
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