$SOL /USDT is tightening after the pullback... It looks like the pressure for the next round of increase is building up.

$SOL – Long

Trading Plan:

Entry Point: $85.50 – $86.80

Stop Loss: $82.90

Take Profit 1: $88.90

Take Profit 2: $91.80

Take Profit 3: $95.50

Why does this pattern occur?

After a strong rise, SOL has pulled back to the mid-range, currently forming a small real body candlestick—this is a classic consolidation after expansion. The price remains above the recently rising lows, indicating that buyers are holding this area. A change in momentum along with tightening usually signals the arrival of a breakout.

Discussion:

Is this just a brief pause before the upward trend, or will SOL first fake a breakout and sweep the lows?

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SOLUSDT

Perp

85.13

-0.71%