$SOL

/USDT Technical Analysis and Trade Strategy📈📊

Current Overview

Current Price: $217.67

24h High: $227.56

24h Low: $213.26

24h Volume:

SOL: 3.50M

USDT: 770.91M

SAR: $215.09 (Support)

AVL (Average Volume Level): $217.08

Performance: -1.26% (Mild Bearish Sentiment)

Technical Indicators

Trend: Consolidating with Mild Bearish Bias

Support Levels:

Primary: $215.09 (SAR Level)

Secondary: $213.26 (24h Low)

Resistance Levels:

Primary: $220.00 (Psychological Level)

Secondary: $227.56 (24h High)

Trade Setup

Long Entry Zone

Entry: Between $215.50 and $217.00

Look for a bounce above SAR support ($215.09) with volume confirmation.

Stop Loss

Long Stop: $212.50 (Below 24h Low)

🎯 Target Levels for Long Trade

1. Target 1: $220.00 (Approx. 1% Profit)

2. Target 2: $224.00 (Mid-resistance)

3. Target 3: $227.50 (24h High, Approx. 4.5% Profit)

Short Entry Zone

Entry: Below $213.00 (Breakdown of Support)

Stop Loss: $218.00 (Above AVL)

🎯 Target Levels for Short Trade

1. Target 1: $210.00 (Approx. 1.5% Profit)

2. Target 2: $205.00 (Next Major Support)

3. Target 3: $200.00 (Psychological Support Zone)

Strategy Execution

1. Confirm Volume:

Long Trade: Ensure buying volume increases above $215.50.

Short Trade: Confirm selling pressure below $213.00.

2. Risk-Reward Ratio: Target a 2:1 reward-to-risk ratio.

3. Trailing Stop: After hitting Target 1, use a trailing stop to secure profits.

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