SOLUSDT chart (1-hour timeframe)...

2 days ago

SOLUSDT chart (1-hour timeframe), here’s a detailed breakdown of the setup and the potential target based on the price structure and Ichimoku setup:


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🔍 Chart Observations

Current price: around $205

The price has broken above the Ichimoku Cloud, confirming a short-term bullish bias.

A rising trendline from the $180 area is providing strong support.

The “Target Point” label I have drawn sits roughly around $230–232.

The cloud (Kumo) is bullish and widening, suggesting potential continuation upward.



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🎯 Target Levels

Based on structure and Ichimoku confirmation:

1. First target (short-term): $212 — local resistance area / psychological level


2. Main target: $228–232 — aligns perfectly with my chart’s “Target Point” label and previous swing-high zone


3. Extended target (if momentum continues): $240 — strong resistance from the last consolidation before the drop




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🛑 Stop-Loss Suggestion

Below the trendline or the Kumo support: around $198–200
(A clean break below this would invalidate the bullish setup.)



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⚖ Trade Plan Summary

Type Entry Stop Target 1 Target 2 Risk:Reward

Long $204–206 $198 $212 $228–232 ~1:2.5–1:3



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📈 Summary:

Trend = Bullish

Entry = On retest of $202–205 area

Target = $228–232

Stop = Below $198

2 days ago

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