Pair: $SOL /USDT
Timeframe: 15-minute chart
Bullish Scenario (Breakout Above Resistance)
📈 Entry: Place a buy order above $217.50 once the price breaks and closes above the descending trendline.
🚫 Stop-Loss: Below the support zone at $216.00.
🎯 Target 1: $219.50
🎯 Target 2: $221.00
Bearish Scenario (Breakdown Below Support)
📈Entry: Place a sell order below $216.00 if the price breaks and closes below support.
🚫 Stop-Loss: Above $217.50.
🎯 Target 1: $214.50
🎯 Target 2: $213.00
Technical Setup:
The chart shows a descending triangle pattern, indicating potential price compression and an impending breakout.Price is approaching a key support level near $216.49.The Parabolic SAR is positioned above the price, signaling a bearish trend currently in place.The downtrend line acts as resistance, and the support zone around $216.50 has held multiple times.
Trade Plan
Additional Notes
Watch for increasing volume during the breakout to confirm the move.Avoid entering a trade without a clear breakout confirmation.If price consolidates further without breaking either key level, stay on the sidelines until a clear direction is established.
