Market Outlook: The $SOL/USDT pair is showing a strong bullish momentum with a significant price increase of +5.31% in the last 24 hours. The price has broken above the key resistance level of $194.33 and is currently testing the next resistance at $198.03. A successful breakout above this level could lead to further gains towards $210.00 and beyond.
Risk Management: Always use a stop loss to protect your capital. For this trade setup, the recommended stop loss is $194.00. Adjust your position size according to your risk tolerance and never risk more than 2% of your trading capital on a single trade.
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