SOL/USDT Bullish Setup 
2024-12-10
Category: None

SOL has retraced into a key demand zone near $215, offering an attractive long opportunity. This retracement follows a significant Market Structure Shift (MSS), and price is now showing signs of potential bullish reversal.

Key Observations:
1️⃣ Strong Demand Zone: Price has tapped into the demand area near $202–$215, where buyers historically stepped in.
2️⃣ Upside Targets:

First TP: $246 (prior structural resistance and Order Block).
Second TP: $263 (key liquidity area).
Third TP: $300 (psychological and structural level).
3️⃣ Favorable R:R Ratio: This setup offers a solid risk-to-reward profile if managed properly.
Trade Plan:
Entry Zone: $215–$217 for a favorable position.
Stop Loss: Below $202 to protect against invalidation.
Take Profit Levels:
TP1: $246
TP2: $263
TP3: $300
Patience and proper risk management are key here as we watch for bullish momentum to build up. Let's see if SOL can reclaim higher levels and push toward $300!