đ SOL Long Setup in Focus đ
Trading Plan:
Bias: Long
Entry: 121.50 - 123.50
SL: 120.50
TP1âTP3: 133.50 / 143.00 / 152.00
Technical Analysis:
The current price action on the daily chart indicates a potential bullish reversal opportunity. The price is testing the lower Bollinger Band, which frequently acts as a dynamic support level. This consolidation occurs just above the key support established at the 121.020 low. Furthermore, the RSI(6) is in oversold territory below 30, suggesting that downward momentum is weakening and a bounce is probable. Confirmation of this setup would be a strong price rejection from this support area, followed by a move toward the middle Bollinger Band.
Invalidation:
Only a break below 121.00 would invalidate this bullish outlook.
SOLUSDT
Perp
121.88
-4.84%