SOL/USDT (1H timeframe):
Here’s a clear technical breakdown 👇
🧭 Chart Overview:
Current price: around $200.40
Trend: Uptrend, but showing short-term pullback
Support area: $190 – $195
Resistance area: $205 – $210
🔍 Key Observations:
The ascending trendline is acting as dynamic support.
Price recently rejected near the $210 resistance zone and is pulling back toward the trendline and Ichimoku cloud.
The target points marked on my chart suggest downside retracements if support breaks.
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🎯 Target Levels:
If price stays above the trendline/support → bullish continuation:
Target 1: $207
Target 2: $212
Target 3: $220 (major breakout target)
If price breaks below the trendline/cloud support → bearish correction:
Target 1: $195 (short-term support / first target point)
Target 2: $188 (lower target zone marked on chart)
Target 3: $180 (major downside target if correction deepens)
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⚠ Summary:
📈 Bullish scenario: Hold above $198 → move to $207–$212.
📉 Bearish scenario: Break below $198 → drop to $195 → $188.
Here’s a clear technical breakdown 👇
🧭 Chart Overview:
Current price: around $200.40
Trend: Uptrend, but showing short-term pullback
Support area: $190 – $195
Resistance area: $205 – $210
🔍 Key Observations:
The ascending trendline is acting as dynamic support.
Price recently rejected near the $210 resistance zone and is pulling back toward the trendline and Ichimoku cloud.
The target points marked on my chart suggest downside retracements if support breaks.
---
🎯 Target Levels:
If price stays above the trendline/support → bullish continuation:
Target 1: $207
Target 2: $212
Target 3: $220 (major breakout target)
If price breaks below the trendline/cloud support → bearish correction:
Target 1: $195 (short-term support / first target point)
Target 2: $188 (lower target zone marked on chart)
Target 3: $180 (major downside target if correction deepens)
---
⚠ Summary:
📈 Bullish scenario: Hold above $198 → move to $207–$212.
📉 Bearish scenario: Break below $198 → drop to $195 → $188.
Trade active
active active Trade closed: target reached
1st target done 
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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.
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.