This is a 15-minute chart of SOL/USDT on Binance, published on March 1, 2025. Here’s the analysis:
Observations:
Bullish Trade Setup:
A buy entry is placed within the blue zone (around 140 USDT).
The stop-loss is set below 138.82 USDT (red support line).
The target level is 147.12 USDT, marked as resistance.
Market Structure:
Price has been consolidating in the blue zone before a potential breakout.
The green arrow suggests that price has bounced off support, confirming bullish momentum.
If price successfully breaks out of the consolidation zone, it could trigger a strong upward move.
Price Action & Key Levels:
Support Level: 138.82 USDT (a key demand zone).
Resistance Level: 147.12 USDT, where take profit is expected.
Trend Expectation: Price may rise towards 147.12 USDT, following an uptrend structure.
Conclusion:
The chart suggests a bullish breakout if SOL maintains momentum above the blue zone.
A long trade is structured with a favorable risk-to-reward ratio.
Key Confirmation Needed: A breakout from the current range before continuation.