🚀 $SOL /USD: TESTING CRITICAL RESISTANCE – WATCH FOR A BREAKOUT! ⚡
The $SOL /USD pair is currently trading at $196, nearing an important resistance level. Traders should stay alert for a potential breakout or retracement from these key price zones.
📊 Trade Scenarios:
Entry Point: $196
Take Profit (TP) 1: $205
Take Profit (TP) 2: $210
Take Profit (TP) 3: $220
Stop Loss (SL): $190
Support is at $190, while resistance is at $205. A breakout above $205 could signal further bullish momentum, targeting $210 and $220. A drop below $190 could lead to a bearish retracement.
📉 Market Outlook:
SOL is testing resistance at $205. A successful breakout above this level could trigger a strong upward movement. However, a failure to break through and a drop below $190 could suggest a bearish trend.
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