$SOL /USDT BULLISH LONG SETUP TECHNICAL ANALYSIS
The
$SOL /USDT chart shows a sharp downward plunge followed by a consolidation and rebound off the 127.70 low, forming a potential double‑bottom pattern with rising volume on the recovery. The candlestick structure indicates a shift from bearish momentum to bullish sentiment as buyers absorb the sell‑off and push price back above the mid‑range level of 131.09, targeting the recent high of 133.59.
*Entry*: Long position on a confirmed break & close above 132.00 (entry trigger).
*Targets (TP)*:
1. TP1: 133.25 – immediate resistance zone.
2. TP2: 134.50 – next psychological level.
3. TP3: 136.00 – extended bullish objective.
*Stop Loss (SL)*: Place SL at 129.80, just below the recent swing low, to protect against a false breakout.
*Risk Management*: Allocate 1–2% of capital per trade, set the SL at 1.5× the average true range to limit exposure, and scale out of the position at each TP to lock profits and reduce risk.
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