$SOL (1H) - Breakout Continuation


Bias: Long
Entry (Zone): 97.00 - 97.60
Targets:
TP1: 98.80
TP2: 100.20
TP3: 102.40
Stop Loss: 95.90
Why this Setup:
I’m looking for continuation after the recent push through prior highs, with price holding above the breakout area and momentum still favoring buyers. I want a dip into support or a clean reclaim before targeting the next liquidity levels above.

#GateSquareMayTradingShare
SOL1.21%
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LuckyCatCatCatCatCatCat
· 2h ago
According to Jintou Data, CITIC Securities research reports pointed out that as Freeport's Indonesia project restart progress is once again delayed and 2026-2027 production guidance is fully downgraded, the global major copper mine companies' 2026 production expectations have officially entered a decline, and the potential impact of extreme weather events in the future could lead to an expansion of supply disruptions. We expect that recent China’s unexpected inventory reduction, which demonstrates solid supply and demand logic and weakening macro suppression, will push copper prices in Q2 2026 to stabilize at $13,000 per ton, and the copper prices may challenge previous highs due to the supply-demand expectation gap. We are optimistic about the investment opportunities in the copper sector, where profit elasticity and valuation elasticity resonate.
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