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ALEX HANTER
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🔥 $SOL /USDT Analysis: Potential Ascending Triangle & Trendline Breakout!
Solana is currently testing critical resistance on the 4H timeframe! Here is what the technical chart structure is showing:
📊 Technical Analysis & Key Setup
* Pattern: $SOL is consolidating near a major descending resistance line while building higher lows along a strong ascending trendline support.
* Current Price: ~$75.33
* Key Support Zone: $73.00 – $73.50 (Ascending Trendline Support)
* Local Low Support: $70.58
* Immediate Resistance Zone: $75.60 – $76.20
🎯 Trading Strategy & Scenarios
* Bullish Breakout Scenario:
* A clean 4H candle close above $76.20 opens the path for a strong bullish momentum toward $78.50 and $80.00+.
* Pullback / Re-test Entry:
* Watch for a short-term retest back down to $74.00 – $74.50 area to gather liquidity before attempting the breakout move.
not financial advice. Always manage your risk properly and use stop-losses!
#sol #solana #cryptotrading #BinanceSquare #Write2Earn
Thnical Analysis
📊 Technical Analysis & Key Setup
* Pattern: $SOL is consolidating near a major descending resistance line while building higher lows along a strong ascending trendline support.
* Current Price: ~$75.33
* Key Support Zone: $73.00 – $73.50 (Ascending Trendline Support)
* Local Low Support: $70.58
* Immediate Resistance Zone: $75.60 – $76.20
🎯 Trading Strategy & Scenarios
* Bullish Breakout Scenario:
* A clean 4H candle close above $76.20 opens the path for a strong bullish momentum toward $78.50 and $80.00+.
* Pullback / Re-test Entry:
* Watch for a short-term retest back down to $74.00 – $74.50 area to gather liquidity before attempting the breakout move.
not financial advice. Always manage your risk properly and use stop-losses!
#sol #solana #cryptotrading #BinanceSquare #Write2Earn
Thnical Analysis
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