$SOL/USDT

Current Price: 233
Target Price:

- TP1: 238 (Fibonacci 38.2% extension level)
- TP2: 242 (Neckline breakout level/Fibonacci 61.8% extension level)
- TP3: 248 (Fibonacci 261.8% extension level)
Stop loss price: below 228

Reason for purchase:

1. Shape Confirmation:
- The daily level has formed a "rectangle consolidation" breakout pattern (lasting for 18 trading days), with the neckline at 238.
- Measure of increase = box height × 1.618 = 8 → Target price 2 = 232 + 8 = 240 (actual rounded to integer 242)
2. Trend Structure:
- Weekly level breaks the descending trendline (connecting the Q3 2024 high points), price stands above MA(50) 228
- Short-term trend is upward, the middle band of the Bollinger Bands moves up to 233
3. Breakthrough Potential:
- Breaking 238 opens up the upward space of 248+ (Fibonacci 261.8% extension level)
- If an effective breakout occurs, it may trigger a 2.0x leverage contract liquidation.
4. Indicator Validation:
- RSI(14)=65 (neutral to bullish), MACD red bars expand, dual line golden cross
- The OBV indicator has reached a new high for the past 15 days, indicating an inflow of funds.
- The trading volume must exceed 2.5 times the daily average at the time of the breakout.

Key technical features:

- Morphological parameters:
- Rectangular box height: 10 (228→238)
- Neckline position: 238 (connecting the upper edge of the box)
- Organizing time: 18 trading days (daily)
- Fibonacci Expansion:
- 238 = (228 → 234 increase) × 0.382 + 234
- 242 = (228 → 234 increase) × 1.618 + 234
- 248 = (228 → 234 increase) × 2.618 + 234
- Wave structure:
- Wave 3 main uptrend: 228→248 (target price 3)
- Currently in wave 3 of sub-wave 3 (234→248)

This content is for reference only and should not be considered as investment advice.