๐ SOL/USDT โ Final Liquidity Zone Before Expansion? ๐
๐ On the 1H timeframe, price is moving inside a descending channel and has reached the lower boundary. A breakout attempt is forming, with a retest of the upper channel likely next.
๐ RSI is trending downward and approaching its lower range, signaling a potential bullish bounce.
๐ข Key Support Zone: 132 USDT
โ Price has reacted strongly from this level multiple times
โ Another bounce is expected from this demand zone
๐ The indicator suggests consolidation above the 100-period Moving Average, which price is approaching โ adding bullish support to the setup.
๐ฏ Trade Setup
๐น Entry: 133.50
๐น Target 1: 134.93
๐น Target 2: 137.30
๐น Target 3: 140.25
๐ Stop-Loss: Below the green support zone
โ ๏ธ Risk Reminder:
๐ก Always follow proper money management โ protect your capital first.
๐ฌ Got questions? Drop them in the comments.
๐ Thanks for reading.
โ Trade $SOL
๐ On the 1H timeframe, price is moving inside a descending channel and has reached the lower boundary. A breakout attempt is forming, with a retest of the upper channel likely next.
๐ RSI is trending downward and approaching its lower range, signaling a potential bullish bounce.
๐ข Key Support Zone: 132 USDT
โ Price has reacted strongly from this level multiple times
โ Another bounce is expected from this demand zone
๐ The indicator suggests consolidation above the 100-period Moving Average, which price is approaching โ adding bullish support to the setup.
๐ฏ Trade Setup
๐น Entry: 133.50
๐น Target 1: 134.93
๐น Target 2: 137.30
๐น Target 3: 140.25
๐ Stop-Loss: Below the green support zone
โ ๏ธ Risk Reminder:
๐ก Always follow proper money management โ protect your capital first.
๐ฌ Got questions? Drop them in the comments.
๐ Thanks for reading.
โ Trade $SOL
