Technical analysis by SiDec about Symbol SOL: Buy recommendation (11 hour ago)

SOL had a strong bullish week, almost tapping the $250 psychological level before rejecting down into the monthly level at $231.77, where price found support and bounced. This level also aligned with the 1.272 Fib extension ($231.96), making it a valid long opportunity. 🟢 Next Long Opportunity The 0.382 Fib retracement ($230.39) of the move from the $199.32 low is the next key level to watch. A retest here would: Sweep liquidity from the current low Offer a low-risk entry Help fill some imbalances 📌 Overall, $230 is the level that must hold for bullish continuation. Targets TP1: $238 → R:R ~1:3 TP2: $252.91 (0.786 Fib retracement) → R:R ~1:8+ if momentum continues Risk Management Stop-Loss: Below $229 (clear invalidation) Risk: Only 1% on this trade setup Quick Take If $230 holds, SOL could set up for another leg higher. This zone offers a clean, low-risk, high-reward long setup with clearly defined invalidation and attractive targets.