Bullish Setup for $SOL After Key Breakout
2024-10-17

BINANCE:SOLUSDT   is currently approaching a key descending trendline after testing a significant supply zone (in red). The price is consolidating near this level, and we are now waiting for a potential breakout above the trendline for confirmation of further upside.

Suggested Entries and Targets:
Entry Zone: $162.45, watching closely for a breakout above the supply zone with confirmation on HTF.
TP1: $175.54 - First target after confirmation of the breakout.
TP2: $188.36 - Second target as the bullish momentum continues.
TP3: $210.07 - $212.46, targeting liquidity above the next major resistance levels.
SL: Below $150.44, to minimize downside risk in case of rejection at the trendline.

We are looking for signs of strength at this key level. A clear breakout and retest of the trendline could signal the start of a strong bullish move.

---------
As always, stick to your strategy and do your own research before any entry.
