🚨 Market Analysis $SOL / USDT
Current Price: $158.77 (-0.18%)
💸Currently, SOL is consolidating around $159.20 after facing resistance near $162.00. The market is showing some indecision with the recent volatility in price.
🔹️Resistance: The immediate resistance is at $162.00. A break above this level could propel SOL towards $165.00 and $170.00.
🔹️Support: The key support is at $155.50. A drop below this level could see SOL retrace towards $150.00.
🔰Trading Strategy:
⬆️Long trade: Enter above $162.00, targeting $165.00 and $170.00 with a stop loss at $155.50.
⬇️Short trade: Enter below $155.50, targeting $150.00 and a stop loss at $162.00.
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