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$SOL

/USDT Technical Analysis and Trade Strategy with Three Target levels🚀🎯

Technical Analysis:

1. Trend Analysis:

The current price of SOL/USDT is $232.73, which is 3.33% down from its previous value. This indicates a short-term bearish trend after reaching a 24h high of $247.

SOL has been consolidating within a range between $225.00 (24h low) and $247.00 (24h high), showing some resistance around $247.00.

Volume is still high, but with a slight downward movement in price, indicating a possible correction.

2. Support & Resistance:

Support: Around $225.00 (24h low) — This level has acted as a temporary bottom.

Resistance: Around $247.00 — This has been the 24h high, making it a key resistance level.

Trade Strategy:

1. Bearish Continuation (if price continues to fall):

Entry Point: If SOL breaks below $225.00, consider entering a short position.

Target 1 (🎯): $220.00 (psychological support level).

Target 2 (🎯): $215.00 (next level of support from historical price action).

Target 3 (🎯): $210.00 (further downside possible if momentum strengthens).

Stop Loss: $235.00 — to protect against sudden reversals.

2. Bullish Reversal (if price bounces at support):

Entry Point: If SOL holds above $225.00 and shows signs of a reversal, enter a long position.

Target 1 (🎯): $240.00 (immediate resistance level).

Target 2 (🎯): $245.00 (resistance near 24h high).

Target 3 (🎯): $247.00 (previous 24h high, key resistance).

Stop Loss: $220.00 — to limit losses in case the price breaks down.

3. Range-Bound Strategy (if SOL continues to consolidate):

Entry Point: Buy at the lower range ($225) and sell at the upper range ($247).

Target 1 (🎯): $240.00 (mid-range level).

Target 2 (🎯): $245.00 (closer to upper resistance).

Target 3 (🎯): $247.00 (full range target).

Stop Loss: $220.00 — in case the price breaks below the support level.

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