SOLUSDT is currently approaching the key resistance zone between 75.60 and 75.75, an area that has capped several previous recovery attempts. For me, this is not the time to rush into a long position. I want to see price break clearly above the zone, then return to retest and hold it as new support.
If the retest produces clear bullish confirmation, such as a strong rejection wick or increasing buying volume, it could signal that buyers have regained control. In that case, my next target would be 77.00.
On the other hand, if the breakout fails and price falls back below the resistance zone, the bullish setup will be invalidated and a deeper pullback may follow.
Proper risk management remains essential because price could still produce a false breakout before choosing its next direction.
This is not financial advice. It is simply how I approach support and resistance zones. I always wait for confirmation from price action or volume before entering. Let me know what you think about this setup in the comments!
If the retest produces clear bullish confirmation, such as a strong rejection wick or increasing buying volume, it could signal that buyers have regained control. In that case, my next target would be 77.00.
On the other hand, if the breakout fails and price falls back below the resistance zone, the bullish setup will be invalidated and a deeper pullback may follow.
Proper risk management remains essential because price could still produce a false breakout before choosing its next direction.
This is not financial advice. It is simply how I approach support and resistance zones. I always wait for confirmation from price action or volume before entering. Let me know what you think about this setup in the comments!
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Related publications
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.