SOL/USDT Key Reversal Zone – Bounce or Breakdown?

Jun 1

📊 Chart Analysis:
Current Price: $151.91

EMA 70 (Dynamic Resistance): $166.82

Support Area: Around $150, overlapping with a key supply zone.

Chart Pattern: Harmonic/ABCD structure completing near support.

🧠 Observations:
Price is testing a strong support/supply zone.

📦 If bounce occurs, potential targets:

🎯 First Target: $170.85

🎯 Second Target: $185.91

📉 If support breaks, then:

⚠️ Target: $124.89

📉 Next Major Support: $100.48

🧭 Trade Plan:
🔹 Long Entry (on bullish confirmation):

Entry: $152–$155

SL: Below $149

TP1: $170.85 🎯

TP2: $200 🚀

🔹 Short Entry (on breakdown confirmation):

Entry: Below $148

SL: Above $153

TP: $124.89 🧨


support and drop down your thoughts about it thanks

Jun 5

Trade active

its still in bullish i am holding buy here