🚀 SOL/USDT BULLISH SETUP: BREAKOUT IMMINENT? 🚀

Solana is showing a very interesting setup on the 1H timeframe. After a period of consolidation and following a descending resistance line, we are seeing a potential trend reversal. 📈

🔍 Technical Analysis

The chart shows price action squeezing against a long-standing downtrend line. We have successfully tested the support zone around $124, and the risk-to-reward ratio for this long position looks incredibly sharp. 💎

🎯 Trade Details

Entry Zone: $124.00 - $125.00 ⚡

Target 1: $135.00 (Mid-range resistance) 🎯

Target 2: $145.50 (Major structural level) 🎯

Final Take Profit: $152.45 (Previous High) 🚀

Stop Loss: $121.99 (Below recent wick) 🛡️#sol $SOL

SOL

122.38

-0.92%