Bullish Setup for SOL/USDT After Key Breakout : Targets to Watch

SOL/USDT is currently consolidating near a critical descending trendline after testing a significant **supply zone**. This consolidation indicates a possible **bullish breakout** if the price can break above the supply zone. Here's a breakdown of the setup:

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- Entry Zone :

$162.45, closely watching for a breakout above the trendline.

- Targets :

- TP1 : $175.54 - First potential target after the breakout confirmation.

- TP2 : $188.36 - Next target as bullish momentum builds.

- TP3 : $210.07 - $212.46 - Targeting liquidity above major resistance levels.

- Stop-Loss (SL) :

Set at **$150.44** to manage downside risk in case of rejection at the trendline.

The price is approaching a key point, and a **clear breakout and retest** of the trendline could confirm a strong bullish move. This is a favorable setup for those looking to capitalize on an upward momentum.

Conclusion :

SOL/USDT is showing signs of strength as it nears a critical resistance point. A confirmed breakout could lead to significant upside, with potential targets at **$175.54**, **$188.36**, and **$210.07-$212.46**.

Advice :

Watch for signs of strength before entering a position and be prepared for potential rejection. Stick to your **stop-loss** at $150.44 to minimize risk, and always do thorough research to align this setup with your trading strategy.