The $SOL /USDT pair on the 15-minute chart is demonstrating consolidation near the current price level of 175.81 USDT, with the recent high at 177.05 USDT indicating a nearby resistance zone.
The immediate support is seen around 173.71 USDT, which could serve as a foundation for potential upward movement if it holds.
For traders looking to enter at the current price, key targets can be set to capitalize on smaller, gradual price increments: TP1 at 176.50 USDT, TP2 at 177.00 USDT, and TP3 at 177.50 USDT, offering a stepwise approach to secure profits.
To manage downside risk, a Stop Loss (SL) just below the support level at 172.50 USDT is advisable, as it will protect against potential breakdowns.
This setup aligns with short-term movements while leveraging the current consolidation phase as a potential springboard for upward momentum.
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