SOL/USDT Perpetual Futures

📍 Timeframe: 4H (MEXC Exchange)
📈 Current Price: $133.02 (+0.57%)

Key Technical Insights:
Trending Resistance Breakout Zone:

The price is approaching a key downtrend resistance (red trendline).
A break and close above this resistance could push SOL towards $148–$150 (gray supply zone).
Two Possible Scenarios:

Bullish Breakout:
A breakout above the resistance trendline could lead to a test of the $148–$150 supply zone.
If demand is strong, further upside toward $160+ could follow.
Bearish Rejection:
A rejection at the trendline could trigger a pullback to the curved support (blue line).
A deeper breakdown may test the $110–$115 demand zone (highlighted with a black box).
Rounded Bottom Formation:

The price structure is forming a curved support indicating accumulation.
If buyers sustain momentum, a breakout could be confirmed with strong volume.
Trading Strategy:
Bullish Case: Enter long positions above $136 with confirmation, targeting $148–$150.
Bearish Case: Enter short positions if rejection occurs at $135, targeting $125 or lower.
Risk Management: A stop loss below $128 for long trades and above $136 for short trades.