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【$SOL Signal】Long Breakout and Pullback Confirmation
$SOL After a volume-driven rally, the price consolidates tightly below the key resistance zone, which is a healthy reset before a breakout. The market shows continuous absorption of selling pressure on lower timeframes, with no signs of large-scale profit-taking.
🎯 Direction: Long
🎯 Entry: 124.50 - 125.50
🛑 Stop Loss: 122.00 ( Rigid Stop Loss )
🚀 Target 1: 128.50
🚀 Target 2: 132.00
$SOL On the daily chart, the price consolidates above the breakout structure, with open interest rising simultaneously, indicating accumulation by the main players rather than short covering. Price action shows shallow retracements that are quickly bought back, with market sentiment leaning towards reluctance to sell. As long as the price stays above 124.0, breaking upward and testing the previous high is the least resistant path.
Trade here 👇 $SOL
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