#MyFirstSquarePost Hello, Binance Square!

$SOL

### Observations:

1. **Price Level**:

- The current price is $143.74.

- There's a narrow spread between the Bid and Ask prices at $143.74 - $143.75.

2. **Market Sentiment**:

- The bid side (green) shows buying interest, but it seems to be tapering off as prices rise.

- The ask side (red) appears to have more volume, especially as the price approaches $146-$148, indicating strong selling interest at higher levels.

3. **Recent Price Movement**:

- The price is down by -1.24% in the last 24 hours.

- The depth chart suggests more selling pressure as the price approaches resistance levels ($146-$148).

4. **Support and Resistance**:

- Support appears to be around $138-$141, where the green side of the chart has the most volume.

- Resistance is likely between $146 and $148, where the red side thickens.

### Recommendations:

1. **Short-term Trading**:

- **If you're looking to buy**: Consider placing buy orders near the support levels ($138-$141). This area shows a buildup of buying interest and might provide a good entry point if the price dips.

- **If you're looking to sell**: The $146-$148 range seems to be a strong resistance area where selling pressure increases. This might be a good exit point if the price rises.

2. **Risk Management**:

- The overall trend shows a decline in the past 7, 30, and 90 days, so there's potential for further downside.

- Consider setting a stop-loss slightly below the support level, around $137, to limit losses if the price breaks below support.

3. **Long-term Outlook**:

- While the short-term trend is bearish, the 180-day and 1-year growth percentages suggest that the long-term trend is still positive. If you're a long-term investor, consider accumulating in phases, especially during dips.