📊SOLUSDT 4H Market Update
• Trend: Bullish
• SMA (20): 118.991
• Support: 116.63
• Resistance: 123.77
• Current Price: 122.03
📈Strategy:
Price is trading above the 20 SMA, confirming bullish momentum, but has entered a premium zone near resistance. A breakout above 123.77 could fuel a move toward the calculated TP at 127.52. However, rejection from resistance may lead to a retest of support at 116.63. For cautious longs, wait for a confirmed push above 123.77 with volume; aggressive entries near current price with a tight stop below 118.37 offer a 1:1.5 risk-reward.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bullish
• SMA (20): 118.991
• Support: 116.63
• Resistance: 123.77
• Current Price: 122.03
📈Strategy:
Price is trading above the 20 SMA, confirming bullish momentum, but has entered a premium zone near resistance. A breakout above 123.77 could fuel a move toward the calculated TP at 127.52. However, rejection from resistance may lead to a retest of support at 116.63. For cautious longs, wait for a confirmed push above 123.77 with volume; aggressive entries near current price with a tight stop below 118.37 offer a 1:1.5 risk-reward.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇