🚀 $SOL /USDT Technical Analysis & Trade Signal – Key Levels to Watch! 🚀

Current Market Overview:

Price: $195.75

24h High: $216.77

24h Low: $193.14

24h Volume: 4.85M SOL

🔍 Technical Analysis for SOL/USDT:

1. Support Levels:

Primary Support: $193.14 (recent low)

Secondary Support: $190.00 (psychological level)

2. Resistance Levels:

Primary Resistance: $216.77 (24h high)

Secondary Resistance: $220.00 (psychological level)

3. RSI:

Currently at 35-40, showing potential for oversold conditions and a reversal if the price holds steady.

4. MACD:

The MACD is below the signal line, showing negative momentum but narrowing, indicating a potential shift.

5. Trend:

SOL is in a downtrend. Watch for a price reversal if it holds at $193.14.

💡 Trade Signal:

Sell/Short Entry:

Entry Point: $195.75 (current price)

Stop Loss: $220.00 (above resistance)

Target Levels:

1. Target 1: $193.14

2. Target 2: $190.00

3. Target 3: $180.00

Buy/Long Entry (Reversal Opportunity):

Entry Point: $195.75 (break above resistance)

Stop Loss: $190.00

Target Levels:

1. Target 1: $200.00

2. Target 2: $210.00

3. Target 3: $216.77

⚡ Momentum Outlook:

Bearish Momentum is currently dominating, but a reversal could occur if SOL holds support at $193.14 and breaks resistance at $200.00, paving the way for higher targets.

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