🚨 $SOL /USD ALERT: RECOVERY OR FURTHER DROP? WATCH CLOSELY! 🚨
SOL/USD is trading at $183.72, down by 5.37% in the last 4 hours. After reaching a high of $228.95, the price has dropped significantly, testing key support levels with a possibility of rebound or continuation of the downtrend.
Key Levels to Watch:
Support: $178.30 – A critical zone to maintain stability; a breakdown could lead to $175.26 or lower.
Resistance Targets:
1. $192.26 – Immediate resistance for short-term recovery.
2. $201.98 – A key level for bullish confirmation.
3. $211.95 – The ultimate target for a strong upward move.
Trade Setup:
Long Entry: Enter above $185, targeting $192.26, $201.98, and $211.95. Use a stop-loss at $178.
Short Entry: If SOL falls below $178.30, aim for $175.26 and $168.00, with a stop-loss at $185.
Market Insight:
The price action suggests heightened volatility, with SOL at a critical juncture. Watch for volume spikes to confirm the next big move.
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