$SOL/USDT

Current Price: 214
Target Price:

- TP1: 222 (Fibonacci 38.2% retracement level)
- TP2: 230 (historical high / upper Bollinger Band)
- TP3: 240 (Fibonacci 61.8% extension level)
Stop loss price: below 208

Reason for Purchase:

1. Support Validity:
- The price forms a double support zone at 208 (Fibonacci 50% retracement level) and 210 (MA(50) support), confirming the effectiveness of the support by closing above 212 at the weekly level.
2. Trend Structure:
- The daily chart has formed a "rising channel" breakout pattern, with the upper resistance level at 222.
- The short-term trend is upward, the price breaks through MA(25) 215
3. Breakthrough Potential:
- After breaking 222, open up the upward space of 240+ (Fibonacci 61.8% extension level)
- If an effective breakout occurs, it may trigger liquidation of 1.8x leveraged contracts.
4. Indicator Verification:
- RSI(14)=65 (neutral to bullish), MACD red bars widen, dual line golden cross
- The OBV indicator has reached a new 15-day high, indicating an inflow of funds.

Key technical features:

- The upper band of the Bollinger Bands on the daily level has expanded to 222, and the price has broken through the middle band (215)
- Fibonacci extension levels: 230 is the 161.8% extension level, 240 is the 261.8% extension level.