$SOL
Continuing to hold the breakout support level… buyers are still in control
Long Trade
Entry Point: 67.70 & 68.35
Stop Loss (SL): 67.15
Target 1 (TP1): 68.99
Target 2 (TP2): 69.80
Target 3 (TP3): 70.86
The SOL token is respecting the higher-low structure after breaking through the previous resistance zone. The recent pullback is re-testing the support area between 67.70 and 68.00, which was previously resistance and has now flipped to support being defended by buyers.
As long as this area holds, the overall trend remains bullish and supports the likelihood of a continued upswing.
A sustained breakout above the 68.99 level will confirm the bullish momentum and increase the chances of heading towards the psychological level of 70.00, and then reaching 70.86.
It's advisable to monitor for increased trading volume during the upcoming breakout attempt, as momentum buyers are expected to enter once the resistance is surpassed.
Continuing to hold the breakout support level… buyers are still in control
Long Trade
Entry Point: 67.70 & 68.35
Stop Loss (SL): 67.15
Target 1 (TP1): 68.99
Target 2 (TP2): 69.80
Target 3 (TP3): 70.86
The SOL token is respecting the higher-low structure after breaking through the previous resistance zone. The recent pullback is re-testing the support area between 67.70 and 68.00, which was previously resistance and has now flipped to support being defended by buyers.
As long as this area holds, the overall trend remains bullish and supports the likelihood of a continued upswing.
A sustained breakout above the 68.99 level will confirm the bullish momentum and increase the chances of heading towards the psychological level of 70.00, and then reaching 70.86.
It's advisable to monitor for increased trading volume during the upcoming breakout attempt, as momentum buyers are expected to enter once the resistance is surpassed.