Technical analysis by ALVO13_official about Symbol SOL: Buy recommendation (8/4/2025)

Overview: The SOLUSD price is moving within a steady ascending channel. Currently, the asset is near the midline, and the trader faces a choice: 📌 Enter a long position now or 📌 Wait for a pullback to the lower channel boundary (~150–153) for a more optimal entry point. Technical Setup: •🔵 Ascending channel has held since April. •🔴 Price is near the lower Bollinger Band. •🧭 Stochastic oscillator is in the overbought zone, but may indicate a reversal impulse. Scenario 1 — Long from current levels: •Entry: 163–164 •Stop: below 157 •Target: 180 / 200+ Scenario 2 — Wait for pullback: •Entry: 150–152 (near channel support) •Stop: <147 •Target: 170 / 190+ 📌 The decision depends on your patience and strategy: — Don’t want to miss the move? Consider partial entry now. — Prefer a better risk/reward ratio? Wait for the dip.