$SOL /USDT Technical Analysis & Trade Signals

Current Market Overview

Price: $226.30 (Near 24h Low)

Momentum: Bearish

Trend: Downward on all timeframes (15m, 1h, 4h, 1D)

Volume: Decreasing

Support & Resistance Levels

Immediate Support: $225.00

Major Support: $220.00

Immediate Resistance: $230.00

Major Resistance: $240.00

Trade Momentum

Short-Term Momentum: Bearish (price breaking support zones).

Indicators:

RSI: Oversold (potential bounce near $225).

MACD: Bearish crossover.

EMA (20/50): Price trading below both, confirming downtrend.

Trade Signals

For Short Positions (Bearish Bias)

Entry: $228.00

Target 🎯 Levels:

1. Target 1: $225.00

2. Target 2: $222.50

3. Target 3: $220.00

Stop Loss: $231.50

For Long Positions (Countertrend Rally)

Entry: $225.50 (near support zone, oversold RSI)

Target 🎯 Levels:

1. Target 1: $228.00

2. Target 2: $230.00

3. Target 3: $233.50

Stop Loss: $223.50

Key Insights

If the price breaks $225, further downside to $220 is likely.

Reversal is possible if SOL reclaims $230 with strong volume.

Risk management is crucial in current market volatility.

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