SOL USDT

💰 #Solana (SOL/USDT) Analysis

Solana is currently approaching a major support zone around $120, which has historically acted as a strong level for price reversals. The current downtrend is likely a correction phase before a potential bullish recovery.

🔹 Key Observations:

Support Level: The $120 zone is a critical area where buyers could step in.
Bullish Recovery Expected: A bounce from this level could push SOL towards key resistance targets.
Potential Double Bottom Formation: If price reacts positively, we might see a reversal pattern forming.
🔹 Entry Strategy:

Primary Entry: Around $120 if price shows a bullish reaction.
Breakout Entry: Consider adding if price breaks above $222 for confirmation of a trend shift.
🔹 Target Levels:

T1: $222.90
Final Target: $316.01
📉 Risk Management:

Stop-loss below $110 to limit downside risk.
🚀 SOL could see a significant bounce if buyers defend the $120 area!

#Solana #Crypto #SOLUSDT #Trading 🚀








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