Technical analysis by KayKayKay2021 about Symbol SOL: Buy recommendation (1/7/2025)

https://sahmeto.com/message/3144790

SOLUSDT Long Idea

Buy

Price at Publish Time:

$208.58

Profit Target:

(+91.77%)$400

Stop Loss Price:

(-5.05%)$198.05

After a break above the 1d 50ema on the 4hr chart with some consolidation on the resistance flip to support, a support retest was a juicy entry idea, and this has been triggered, with a price-in of tomorrow's FOMC minutes, except something unusual happens tomorrow. I anticipate this long play, to $400. Invalidation remains 4% for now.

Source Message: TradingView