Analyzing SOL/USDT: Cup with Handle Pattern Indicates Potential Upside Targets

SOLUSDT has formed an intriguing “cup with handle” pattern on the chart, suggesting potential bullish momentum ahead. The pattern indicates three possible upside targets:

1. $145.66
2. $148.46
3. $152.69

While relying solely on chart patterns can be unreliable, there is potential for a temporary market pump in the coming days. As such, opening a small long position could be considered, with the expectation of a move above $150.

This analysis underscores the importance of considering multiple factors in trading decisions, while acknowledging the possibility of short-term market movements. Traders should exercise caution and implement proper risk management strategies when executing trades based on chart patterns.

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