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๐ Short-Term Analysis for $SOL /USDT ๐ฅ
๐ Why a Long Trade?
1๏ธโฃ Key Support Holding at $112 - $114 ๐
๐น SOL bounced from the $108.21 low and is now holding firm above $115.
๐น Buyers are stepping in on dips; $114 is acting as short-term demand.
2๏ธโฃ Resistance Ahead at $117 - $118.50 ๐
๐น Price tested $116.99 and pulled back slightly, now consolidating.
๐น A breakout above $117 could trigger continuation toward $120+.
3๏ธโฃ Healthy Volume After Pullback ๐จ
๐น 24H Volume: 5.20M SOL / $587.73M USDT
๐น Buyers are active in the recovery phase; eyes on breakout signs.
4๏ธโฃ Short-Term Trend Still Intact โ
๐น Higher lows forming on 1h/4h โ momentum is building back up.
๐น $112 is key to maintaining bullish structure.
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๐ Short-Term Trade Setup
๐น Long Entry: $114.00 - $115.20 (On minor pullback)
๐ฏ Targets: $117.50 / $119.00 / $121.00
๐ Stop Loss: $111.80 (Below short-term structure)
๐น Breakout Entry: Above $117.50 with strong candle & volume
๐ฏ Targets: $120.00 / $122.50
๐ Stop Loss: $115.50
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๐ธ Breakout Confirmation:
โ Break above $117 = bullish breakout toward $120+
โ Drop below $112 = exit or re-evaluate trade
โ ๏ธ Risk Management:
๐ธ Keep SL tight below structure
๐ธ Wait for confirmation with 1h or 4h bullish engulfing candle
๐ Overall Bias: Bullish (as long as $112-$114 holds support)
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