$SOL

/USDT Technical Analysis and Trade Signals🚀🎯

Current Market Overview:

Current Price: $221.58

24H High/Low: $221.61 / $204.48

Volume: 1.09B USDT (strong liquidity).

Bollinger Bands: Price is trading above the Upper Band (221.47), signaling potential bullish momentum.

SAR: At $219.86, below the current price, confirming an uptrend.

Key Technical Indicators:

1. Momentum: Strong upward move as the price breaks the Bollinger Upper Band.

2. Trend: Bullish, supported by SAR and high volume.

3. Resistance Levels: Near $225 (psychological resistance) and $230.

4. Support Levels: Near $219.86 (SAR level) and $215 (mid-range support).

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Trade Signals:

Momentum: Bullish (Medium to High Confidence)

Entry Zone: $220 - $222 (on slight pullbacks for a safer entry).

Stop Loss: $219.50 (below SAR to limit downside risk).

Targets 🎯:

1. Target 1: $225 (Short-term resistance).

2. Target 2: $230 (Intermediate resistance).

3. Target 3: $235 (Extended resistance, strong bullish continuation).

Strategy:

For Long Trades:

Enter near $220-$222 range.

Trail stop-loss to lock profits as targets are approached.

For Short Trades:

Only consider shorting below $219 with a confirmation candle.

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