Technical analysis by MangoMan4 about Symbol SOL: Buy recommendation (3/19/2025)

📍 Timeframe: 4H (MEXC Exchange)📈 Current Price: $133.02 (+0.57%)Key Technical Insights:Trending Resistance Breakout Zone:The price is approaching a key downtrend resistance (red trendline).A break and close above this resistance could push SOL towards $148–$150 (gray supply zone).Two Possible Scenarios:Bullish Breakout:A breakout above the resistance trendline could lead to a test of the $148–$150 supply zone.If demand is strong, further upside toward $160+ could follow.Bearish Rejection:A rejection at the trendline could trigger a pullback to the curved support (blue line).A deeper breakdown may test the $110–$115 demand zone (highlighted with a black box).Rounded Bottom Formation:The price structure is forming a curved support indicating accumulation.If buyers sustain momentum, a breakout could be confirmed with strong volume.Trading Strategy:Bullish Case: Enter long positions above $136 with confirmation, targeting $148–$150.Bearish Case: Enter short positions if rejection occurs at $135, targeting $125 or lower.Risk Management: A stop loss below $128 for long trades and above $136 for short trades.