📈💸📢$SOL /USDT BULLISH REVERSAL ANALYSIS🚨
The current chart structure for 🚀👊
$SOL /USDT indicates a significant recovery phase following a sharp period of selling pressure. After testing a local bottom near the 95.50 zone, the price has formed a classic bullish reversal signal. The emergence of strong green candles at the base of this decline suggests that buyers have aggressively entered the market, rejecting further downside and setting the stage for an upward correction.
TECHNICAL OBSERVATIONS
* Support Level: The price successfully defended the 95.50 support zone, which acted as a critical psychological and technical floor.
* Candlestick Pattern: A strong bullish engulfing-style reaction is visible, shifting momentum from the sellers to the buyers.
* Trend Shift: The short-term bearish momentum has been broken, with the price now aiming for higher liquidity zones and previous resistance levels.
BULLISH TARGETS (TP)
As the recovery gains traction, the following resistance levels are the primary targets for profit-taking:
* Target 1 (TP1): 108.50
* Target 2 (TP2): 113.20
* Target 3 (TP3): 117.80
STOP LOSS (SL)
To protect capital against a potential fake-out or sudden market shift, a stop-loss is recommended below the recent swing low:
* Stop Loss: 94.40
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RISK MANAGEMENT
Always trade with a disciplined approach to preserve your portfolio. It is recommended to risk no more than 1% to 2% of your total account balance on this single trade. Once the price reaches TP1, consider moving your Stop Loss to the entry point to ensure a risk-free trade while aiming for higher targets.
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