SOL/USDT Technical Analysis : Bullish Trend with Key Support Levels

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$SOL

Current Trend :
SOL/USDT is in a bullish trend, showing strong upward momentum.

Key Technical Indicators :
Divergence at Point B : Price shows a clear divergence at point "B," indicating potential for a trend reversal or continuation.

Fibonacci Retracement : SOL has retraced to the 0.618 level on the Fibonacci scale, a crucial point for potential support and further price action.

Bounce Back : SOL has bounced back from the 0.618 retracement, confirming the support level and the possibility of further upside.

Long-Term Target :
$322 : On a longer-term horizon, SOL has the potential to reach $322, making it an attractive investment opportunity for those with a longer-term view.

Current Support Zone :
SOL is currently trading at an important support level, suggesting that it may hold steady or consolidate before continuing its upward move.

Pro Tip :
Watch for confirmations around the support level, especially if price continues to bounce from the 0.618 retracement. Consider entering positions if SOL holds above this key level.

Conclusion :
SOL/USDT is showing strong bullish signals, with key support at the 0.618 Fibonacci level. Long-term targets remain strong, but short-term investors should monitor for any potential price corrections. DYOR, NFA.

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Result

SOLUSDT Breaks RSI Divergent Trendline : Is a Bullish Surge on the Horizon?

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SOLUSDT has recently broken out of a descending trendline, marked by an RSI divergence, signaling potential upward momentum. This breakout is encouraging, as it suggests that SOL may be on its way to challenge the supply roof, a key resistance level in its price movement.

Traders are optimistic that this upward trajectory will continue, with hopes that SOL will reach the supply roof and potentially break through. If the price confronts this level successfully, we could see a significant bullish movement, further supported by the RSI's positive divergence.

Conclusion & Advice :
SOLUSDT is showing promising signs of upward movement following its breakout from the RSI divergent descending trendline. However, the supply roof is a crucial resistance point. Traders should remain cautious and monitor the price action closely, as this will determine if the bullish momentum continues. Managing risk and staying patient as SOL approaches key levels will be essential for maximizing potential gains.

PAIR $SOL /USDT
- Direction: Long
- Mode: Cross 20x

✔️ Entry Targets:
96.8

☑️ Take Profits:
1)100.43
2)101.42
3)102.42
4)103.41
5)104.41
6)105.4
Invalidation Price:
89.4924
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After breakout Towards $180 Mark My words 🚀🚀

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Bullish Setup for SOL/USDT After Key Breakout : Targets to Watch

SOL/USDT is currently consolidating near a critical descending trendline after testing a significant **supply zone**. This consolidation indicates a possible **bullish breakout** if the price can break above the supply zone. Here's a breakdown of the setup:

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- Entry Zone :
$162.45, closely watching for a breakout above the trendline.

- Targets :
- TP1 : $175.54 - First potential target after the breakout confirmation.
- TP2 : $188.36 - Next target as bullish momentum builds.
- TP3 : $210.07 - $212.46 - Targeting liquidity above major resistance levels.

- Stop-Loss (SL) :
Set at **$150.44** to manage downside risk in case of rejection at the trendline.

The price is approaching a key point, and a **clear breakout and retest** of the trendline could confirm a strong bullish move. This is a favorable setup for those looking to capitalize on an upward momentum.

Conclusion :
SOL/USDT is showing signs of strength as it nears a critical resistance point. A confirmed breakout could lead to significant upside, with potential targets at **$175.54**, **$188.36**, and **$210.07-$212.46**.

Advice :
Watch for signs of strength before entering a position and be prepared for potential rejection. Stick to your **stop-loss** at $150.44 to minimize risk, and always do thorough research to align this setup with your trading strategy.

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SOLUSDT : Approaching Key Support Levels for Potential Upswing**

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In the recent analysis of **SOLUSDT**, the price is nearing two critical support levels:
- Major Daily Support : **$150**
- Trendline Support : Green trendline

Currently, SOLUSDT is positioned close to these supports, creating an opportunity for a potential rise, as indicated by the green arrows on the chart. If these supports hold, we can expect a price pump. However, if they fail, targets may drop to around **$120**, presenting a possible **20%** decline.

Recent trading activity shows that the price has begun to react positively after touching the daily support and trendline.

Conclusion :
The proximity of SOLUSDT to key support levels suggests a positive outlook for potential gains.

Advice :
- Watch Support Levels : Pay attention to the **$150** major support.
- Trade Responsibly: Base your trading decisions on thorough analysis and risk assessment.

Stay informed while navigating the market's movements !

IS SOLANA GOING DOWN

Solana has shown remarkable price movement, surging from $100 to $210. However, from March 14, 2024, it has been fluctuating between $164 and $200-$210. Despite its potential, the network has faced challenges due to a surge in meme coin transactions, impacting its stability.

Key Levels
Analyzing the volume, several key levels can be identified: $148, $130, and $98-$110. These levels represent significant support areas, which may influence Solana's price action in the near future.

Potential Scenarios
Breakout Scenario
If Solana breaks out of the current ranging channel, it could potentially drop to $148. However, if the downtrend persists, it may further decline to $130, especially in anticipation of the Bitcoin halving event.

Worst-case Scenario
In the worst-case scenario, Solana's price could plummet to the range of $98-$110. If this occurs, Solana may consolidate within this range for an extended period before bouncing back.

Trading and Investment Strategies
For traders, it is advisable to follow the trend and consider short positions, particularly if Solana breaks below key support levels. However, it is crucial to exercise caution and implement conservative risk management strategies.
For investors, waiting for opportune moments to buy at key levels between $100-$130 could be a prudent strategy. By patiently entering positions at these levels, investors may capitalize on potential long-term growth opportunities while minimizing downside risks.

Conclusion
In conclusion, Solana's recent price movements and challenges within its network suggest a cautious approach for both traders and investors. Monitoring key support and resistance levels, as well as broader market trends, will be essential in making informed decisions regarding Solana's future trajectory
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Sol short position open 105 to 106

target 104 103 102 99 95