MyCryptoParadise_Simon

SOL/USDT Ready for Explosive Bull Run? 🚀 SOL Analysis

Long
BINANCE:SOLUSDT   SOL / TetherUS
đź’ŽParadisers, gear up for an exciting trading opportunity with SOLUSDT. It's showing a breakout from its descending channel, suggesting a shift towards an upward trend.

đź’ŽIn the 4-hour timeframe, SOL has been consistently following a descending channel pattern. Now that it has broken above this channel, we expect it to rise towards a resistance level, then likely experience a rapid pullback, adhering to its established pattern.

đź’ŽThere's a high probability of a bullish movement beginning from the support level at around $98. SOL is now poised to target resistance levels near $128.

đź’ŽFor savvy Paradisers, timing is crucial. Pinpointing the most advantageous entry points during this rise is key. It's prudent to avoid buying at the peak of the movement.

đź’ŽExercise caution: there's also a possibility of SOL dropping below the $85 support level. A descent below this pivotal point could lead to doubts about the continuation of the upward trend.

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