SOLUSD Long Idea: Bullish Reclaim of Key Support/Resistance Leve

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SOLUSD Long Idea: Bullish Reclaim of Key Support/Resistance LeveSOL / US DollarBINANCE:SOLUSDhammad69918Hello TradingView Community, This post outlines a potential long trade setup for the Solana / U.S. Dollar (SOLUSD) pair, based on the 15-minute timeframe. Technical Analysis: The chart shows a key horizontal price level that has acted as a significant pivot point, serving as both support and resistance. After a sharp breakdown below this level, the price has shown considerable strength by rallying and breaking back above it. This is a bullish signal, suggesting that buyers are stepping in to reclaim control. The trading idea is based on a classic "break and retest" pattern. The price is currently consolidating on top of this former resistance zone. The expectation is that this level will now act as new support, providing a solid base for a potential move higher. Trade Setup: The long position tool on the chart visualizes a potential trade plan for this bullish scenario: Entry: Approximately at the retest of the new support line. Stop Loss: $184.43 (placed below the key support structure to invalidate the idea if the level fails to hold). Take Profit: $232.24 (targeting a new potential higher high). This setup provides a structured plan with a favorable risk-to-reward ratio for a potential continuation of the bullish momentum. Disclaimer: This analysis is for educational and discussion purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk. Please conduct your own due diligence and manage your risk appropriately. Use Arrow Up and Arrow Down to select a turn, Enter to jump to it, and Escape to return to the chat.