🟢 SOL/USDT: Long Continuation Setup
The overall higher timeframe (HTF) structure for Solana remains decidedly bullish. Following our successful primary entry at $81, we are seeing strong absorption on every pullback. This provides a high-probability secondary entry opportunity as intraday higher lows continue to form.
📊 Trade Specifications
Trade Type: Long (Swing/Intraday)
Entry Zone: $83.20 – $85.00
Stop Loss (SL): $80.90 (Below key structural support)
Take Profit Targets:
TP1: $88.60
TP2: $90.40
🔎 Market Analysis & Logic
Support Validation: Our previous long at the $81 support remains active and profitable.
Demand Absorption: Price is currently retracing into a proven demand zone where buyers are consistently stepping in.
Trend Confirmation: As long as price holds above the $83 level, the bullish continuation bias remains the primary thesis.
Risk Note: A sustained break below the $81 support would invalidate the immediate bullish structure and necessitate a shift in bias.
Trader's Note: Maintain discipline with your position sizing. This is a continuation play based on momentum and structural strength.
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