$SOL/USDT analysis
š„ $SOL Set for an Upside Breakout! š
š Analysis:
- Price initially dipped, then pulled back and is now consolidating above EMA7/25/99.
- OBV is rising, indicating increasing buying pressure.
- W%R (14) at -74.36 suggests the asset is in oversold territory, signaling potential reversal.
š” Trade Setup:
- Entry: LONG 124 ā 125 USDT.
- Targets:
1. TP1: 128 USDT (3.2% profit).
2. TP2: 136 USDT (8.8% profit).
3. TP3: 142 USDT (13.6% profit).
- Stop Loss: 118 USDT (4.8% risk).
ā ļø Remarks:
- Market is showing absorption after the pullback, increasing breakout probability.
- Use strict risk management with the SL to protect capital.
š Action:
Take a LONG entry for potential upside gains.