SOL has broken above a key intraday resistance level with a strong impulsive move supported by high volume. This breakout indicates renewed bullish momentum. After the breakout, price is retesting the structure, offering a clean continuation entry. As long as the retest holds, the bullish trend is expected to extend toward the next liquidity zone. Stop-loss is placed below the breakout structure to protect against a failed retest.
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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.