$SOL (Solana)Technical Analysis,
Hey,
Rose williams here,
SOL Trade Setup:
Bullish breakout from Descending Triangle and above $160 resistance signaled resumption of Uptrend. Price is now approaching our near-term target of $200 resistance (+15% gain), where it got rejected a couple of times recently. Now we look for another entry opportunity in Uptrend. We wait for price to either 1) break above $200 to signal continuation of uptrend with +30% upside to ATH of $260, or 2) pull back near $160 support for another swing trade entry in Uptrend with +22% upside potential back to $200. Stop Loss at $154.
