SOLUSDT: Long or Trap? Breaking Down the Setup

🔥 **SOLUSDT.P** is bouncing off the support zone, showing strength from the bulls! After a sharp dump, price held a key level and is now pushing up. The big question — is this a true reversal or just a "bearish retest" before another drop?

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🔑 **Key Levels:**

**Support:**

• **171.06 USDT** — strong demand zone.
  
• **160.23 USDT** — critical level, breaking below could trigger more downside.
  

**Resistance:**

• **199.55 USDT** — local resistance; breaking above could accelerate movement.
  
• **272.53 USDT** — key target for profit-taking.
  
• **295.16 USDT** — strong supply zone; breaking above opens the door to 300 USDT+.
  

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🚀 **Trading Strategy:**

**Entry Point:**
- Long from **171.06 USDT** with volume confirmation.
- Conservative entry after a breakout of **199.55 USDT**.

**Stop-Loss:**
- Below **160.23 USDT** to avoid stop hunts.

**Take-Profit Targets:**

1. **198.45 USDT** — first target to reduce risk.
   
2. **272.53 USDT** — primary target for the bullish move.
   
3. **295.16 USDT** — extended target if the uptrend continues.
   

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📈 **Technical Analysis:**

• Increasing volume on the bounce signals strong buyer interest.
  
• A breakout above **199.55 USDT** confirms bullish momentum.
  
• If price drops below **171.06 USDT**, expect a potential retest of **160.23 USDT**.
  

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💡 **Conclusion:**

SOLUSDT.P is showing bullish reversal signs, but without breaking **199.55 USDT**, we can't confirm a full trend shift yet. Is this just a retest before another sell-off or the start of a new uptrend? Let’s discuss! 🚀💬