$SOL /USDT Trading Signal - Testing Support After Pullback
Current Price: $213.11
Key Levels:
24h High: $223.18
24h Low: $212.74
Observation:
$SOL /USDT has dropped from its 24-hour high of $223.18 and is now testing support near $213.00, just above the 24-hour low. The price action suggests selling pressure, but this zone may act as a key support for a potential reversal.
Potential Strategy:
Entry Range: $212.50 - $213.50
Targets:
Target 1: $216.50 (Immediate Resistance)
Target 2: $220.00 (Partial Recovery)
Stop Loss: $210.50
Key Insights:
A bounce from the $213.00 level could lead to recovery if buying momentum increases. Watch for a breakout above $216.50 to confirm upward momentum. Secure partial profits at Target 1 and adjust stop-loss after reaching it to manage risk effectively.