Here the circumstances are briefly described :
Current Price: $220.89
Timeframe: 4H (Binance)
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🚀 Long Trade Setup (Bullish Scenario):
Entry Zone: $221.50 - $223.00
Target 1: $228.00
Target 2: $232.00
Target 3: $236.00
Stop Loss: Below $215.00
Analysis:
SOL/USDT is stabilizing near a critical support level. A breakout above $223.00 with rising volume could signal strong bullish momentum. Key resistance levels lie at $228.00 and $236.00, aligning with previous price structures.
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🔻 Short Trade Setup (Bearish Scenario):
Entry Zone: $220.00 - $218.00
Target 1: $216.00
Target 2: $212.00
Stop Loss: Above $224.00
Analysis:
Failure to sustain above $220.00 might initiate a pullback. A breakdown below $218.00 could lead to further downside testing supports at $216.00 and $212.00.
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📝 Predictions
Bullish Breakout: Price could rally to $236.00 if $223.00 is breached.
Bearish Breakdown: A decline below $218.00 may lead to testing $212.00.
💡 Key Tip: Monitor volume spikes for breakout confirmation and use RSI to avoid false entries. Always place stop-loss orders to mitigate risks.
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