$SOL /USDT Technical Analysis đđ„
Chart Pattern: Double Bottom (Bullish) near $210, indicating a potential reversal. Breakout confirmation needed above $227.50 resistance.
Entry: Go long after a sustained breakout above $227.50.
Targets:
Primary target: $235 (next resistance zone).
Secondary target: Potential continuation toward $242 if bullish momentum persists.
Stop Loss: Place below $222 to manage risk (support zone).
Market Overview:
Bullish momentum likely if $227.50 is breached with volume.
Failure to hold above this level may see a retest of $212-$210 (key support zone).
Price Action Update:
Current Price: $223.37 (+4.58%).
Watch for increased trading volume and confirmation at the breakout zone.