SOLUSD (Solana) | 1H Time Frame | BUY SETUP...

Jul 12

SOLUSD (Solana) | 1H Time Frame | BUY SETUP

📍 Entry Zone: 76.90 – 77.20 (while price holds above the ascending trendline)

🎯 Profit Targets:

TP1: 78.20 ✅ (first target / local resistance)
TP2: 78.60 ✅ (major resistance zone)
TP3: 79.40 ✅ (higher resistance / bullish extension)

🛡️ Risk Protection:
A 1H candle close below 76.60 would invalidate the bullish structure and increase the probability of a move toward lower support.

📊 Technical Analysis:
After a sharp decline, SOLUSD formed a higher low and is recovering along an ascending trendline. Price is attempting to reclaim the short-term resistance while trading inside a developing bullish structure. A confirmed breakout and close above 78.20 would strengthen the bullish outlook, opening the way toward 78.60 and potentially 79.40. As long as the trendline remains intact, buyers maintain a slight advantage.

Jul 12

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