🚨 $SOL /USDT - Consolidation Near Key Levels! 🚨

Current Price: $196.87 (+3.00%)

Timeframe: 1H Chart (Binance)

Solana (SOL) is currently consolidating after touching the intraday high of $201.85. The chart indicates healthy retracement, suggesting a potential setup for the next leg upward if key support levels hold.

Key Levels:

Entry Zone: $194–$197

Immediate Target: $205

Extended Target: $215

Risk Management:

Stop Loss: $190

Analysis:

The price has rebounded strongly from the $176.48 low, indicating sustained buying interest. Watch for a break above $201.85 to confirm further upside momentum. Volume remains significant, reinforcing confidence in the uptrend.

Traders are encouraged to maintain discipline and secure partial profits as the price approaches the $205 mark. Adjust stop-loss levels accordingly to lock in gains while minimizing downside risks.

Prepare for volatility near resistance zones and stay alert for breakout opportunities!

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