🚨 $SOL /USDT ON THE EDGE OF A MAJOR MOVE – STRATEGIC ENTRY ALERT! 🚨
The SOL/USDT chart is exhibiting strong momentum on both the 15-minute and 4-hour timeframes, pointing toward a potential breakout or correction. Current price action is testing crucial levels, and this is where traders need to focus.
💡 Key Support & Resistance Levels:
• Support: $153.45 USDT (If SOL drops below this, expect further downward pressure).
• Resistance: $160.62 USDT (A breakout above this level could signal a surge).
The rising trend channel shows SOL testing the upper boundary, making this a critical juncture.
🎯 Trade Setup:
• Long Entry: Enter above $160.00 USDT, targeting $164.00 USDT and beyond. Set stop loss at $156.50 USDT.
• Short Entry: Consider a short if SOL fails to break $160.00 USDT, aiming for a drop to $153.50 USDT, with a stop at $161.50 USDT.
📊 What’s Next?
We’re witnessing strong accumulation—price rises fast, but pullbacks are controlled, which often signals upcoming rallies. Be ready for a sharp move in either direction! Stay alert for volume surges that could confirm the next leg.
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