๐ $SOL /USDT Bullish Recovery Setup ๐
After a sharp bounce from the $62.40 demand zone, $SOL has reclaimed key intraday levels and is now consolidating just below resistance. Bulls remain in control as long as higher lows continue to form.
๐ข Entry Range: $65.00 โ $65.40
๐ Stop Loss: $63.90
๐ฏ TP1: $66.20
๐ฏ TP2: $67.50
๐ฏ TP3: $69.00
The V-shaped recovery shows strong buying interest, and the current consolidation near $65.50 looks like a potential launchpad for the next leg higher. Patience over chasingโwaiting for confirmation around support offers the best risk/reward.
โ ๏ธ Invalidation: A breakdown below $63.90 would weaken the bullish structure and open the door for a deeper pullback.
๐ฅ $SOL shook out weak hands at $62 and came back stronger. Are we gearing up for a breakout above $66, or will resistance hold one more time? ๐๐