On the 1H chart, SOL has broken out of the falling wedge / descending trendline after consolidating for several sessions. The breakout is supported by strong bullish momentum and Heikin Ashi candles showing continuation strength.
Entry: Around current breakout levels (≈196.5)
Stop Loss: 191 (below recent swing low & structure support)
Target: 208 (first major resistance & fib confluence zone)
The risk-reward ratio is favorable, and as long as SOL holds above 191, the bias remains bullish with potential for further upside.
⚠️ This is not financial advice. Please manage risk accordingly.
Entry: Around current breakout levels (≈196.5)
Stop Loss: 191 (below recent swing low & structure support)
Target: 208 (first major resistance & fib confluence zone)
The risk-reward ratio is favorable, and as long as SOL holds above 191, the bias remains bullish with potential for further upside.
⚠️ This is not financial advice. Please manage risk accordingly.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.