๐ $SOL / USDT (1D) โ Bullish Continuation Setup?
Solana is consolidating inside a Falling Wedge / Bull Flag pattern on the daily chart following a strong impulse move, signaling potential bullish continuation.
Technical Breakdown
Market Structure: Strong rally from ~$76 up to ~$110, followed by a tightening pullback above key support.
Immediate Support Zone: $96.00 โ $98.00 (holding above key horizontal support).
Major Demand Zone: $86.00 โ $90.00.
20 SMA: Dynamic resistance near $101.70.
Trade Strategy & Key Levels
Breakout Target: A daily candle close above $104.00 confirms the wedge breakout.
Upside Targets:
TP1: $109.50
TP2: $116.25
TP3: $121.00+
Risk Management: Invalidated on a daily loss of the $96.00 support level.
Whatโs your takeโare you buying the consolidation or waiting for breakout confirmation? ๐
#cryptotrading #TechnicalAnalysis #BinanceSquare #Crypto
Solana is consolidating inside a Falling Wedge / Bull Flag pattern on the daily chart following a strong impulse move, signaling potential bullish continuation.
Technical Breakdown
Market Structure: Strong rally from ~$76 up to ~$110, followed by a tightening pullback above key support.
Immediate Support Zone: $96.00 โ $98.00 (holding above key horizontal support).
Major Demand Zone: $86.00 โ $90.00.
20 SMA: Dynamic resistance near $101.70.
Trade Strategy & Key Levels
Breakout Target: A daily candle close above $104.00 confirms the wedge breakout.
Upside Targets:
TP1: $109.50
TP2: $116.25
TP3: $121.00+
Risk Management: Invalidated on a daily loss of the $96.00 support level.
Whatโs your takeโare you buying the consolidation or waiting for breakout confirmation? ๐
#cryptotrading #TechnicalAnalysis #BinanceSquare #Crypto
