$SOL Trading Signal – Range-Bound Structure
SOL
252.94
+16.32%
Analysis:
$SOL is trading within a well-defined range after breaking structure (BOS) at higher levels. The price has recently bounced off the key support at $175.70 and is now retesting the resistance near $192.00.
Bullish Scenario: A breakout above $192.00 could lead to further upside, targeting $200.00 and beyond.
Bearish Scenario: A rejection at $192.00 may lead to a retest of the $175.70 support level.
Action and Advice:
Traders can consider entries near $186.00, targeting $192.00 and $200.00. Use a stop loss below $175.00 to manage risk. Monitor volume closely for breakout confirmation above resistance.