$SOL is currently trading inside a descending channel on the 1-hour timeframe. Price has reached the lower boundary, and momentum now indicates a potential breakout to the upside, with a possible retest of the channelโs upper boundary.
๐ RSI Outlook
The RSI has dropped near its lower zone, showing a temporary bearish push โ
but this is exactly where bullish rebounds usually begin.
A reaction to the upside is highly likely from this level.
๐ฉ Key Support Zone at $130
The $130 green zone continues to act as a strong liquidity support.
$SOL has bounced from this level multiple times, and the market structure suggests another rebound is forming.
๐ MA100 Re-approach = Trend Strength
Price is moving back toward the 100-period Moving Average, showing signs of stabilizing above it.
This supports a short-term bullish continuation.
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๐ My Trade Setup
Entry: 132
Target 1: 134
Target 2: 137
Target 3: 140
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โ ๏ธ Risk Management
A simple rule I always follow: Protect your capital.
Place your stop-loss below the green support zone at $130.
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If you have any questions about this setup, feel free to leave a comment.
Thank you for reading!
โ Trade setup on $SOL โ#solana SOLUSDT (Perpetual)#solana #sol #BinanceAlphaAlert #SolanaUSTD #solanAnalysis
