The price perfectly fulfilled my previous idea. 
SOLUSDT has declined from the double top structure (TOP1 & TOP2) and is now resting within a support box around the 152–160 zone, which coincides with the lower bound of the upward channel. The price action shows a potential bounce setup forming with a projected move toward 185 if bulls reclaim momentum. A successful rebound from the black trendline could trigger a new impulsive wave toward the upper resistance region.
📈 Key Levels
💡 Risks
SOLUSDT has declined from the double top structure (TOP1 & TOP2) and is now resting within a support box around the 152–160 zone, which coincides with the lower bound of the upward channel. The price action shows a potential bounce setup forming with a projected move toward 185 if bulls reclaim momentum. A successful rebound from the black trendline could trigger a new impulsive wave toward the upper resistance region.📈 Key Levels
- Buy zone: 150.00–160.00
- Buy trigger: bounce from 152.00 trendline
- Target: 185.00
- Sell trigger: breakdown below 150.00
💡 Risks
- Continued weakness could break the uptrend channel
- Failure to close above 160.00 would weaken rebound prospects
- Broader market downturn may override the setup
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.