$SOL Breakout: Resistance Shattered, New Highs Incoming! 🚀
Solana is showing incredible strength today. After a brief consolidation, SOL has decisively broken through the key resistance at $144.80, supported by a strong bullish impulse on the lower timeframes.
Why we are Long:
• EMA Alignment: Price is now trading firmly above EMA 7, 25, and 99 on the 15m chart.
• V-Shape Recovery: The bounce from $140.17 was aggressive, showing that buyers are in full control of the current momentum.
• Targeting the Peak: With the current resistance turned into support, we are expecting a push toward $147+.
Trade Strategy:
We’ve placed a Buy Stop at $144.9 to capture the next wave of the rally. Our approach remains conservative with a strict Stop Loss at $143.20 to protect our capital.
The trend is our friend. We don't fight the market; we ride the waves.