🚨$SOL ###### SOL/USDT TECHNICAL ANALYSIS UPDATE 🚨
The SOL/USDT pair is showing some intriguing signs as it hovers around $167.01. The current setup on the 4-hour chart suggests a potential breakout or breakdown based on key levels being tested.
📈 Long-Term Entry:
Buy Zone: Above $174.00 (24h high) — A breakout above this level could spark a bullish rally with targets of $180 and $188.
Stop Loss: Set at $163.43 (24h low) to protect against downside risk.
📉 Short-Term Entry:
Sell Zone: If SOL fails to hold $167.00, look for potential downward pressure with short targets of $163 and $160.
Stop Loss: Place at $170 to avoid short squeezes.
💡 Key Insight: SOL is in a crucial testing phase, and the current volume trend might dictate the next big move. Stay alert for confirmation above resistance or below support for optimal entry.