Analyzing the provided $SOL USDT 30-minute chart, we observe that the price is currently trading at $191.73, with recent bullish momentum. The market has climbed steadily, indicating potential strength for a continuation to the upside. However, a slight rejection at the current level suggests caution.
Suggested Entry:
Long Position: Enter around $190.50 - $191.00 after a minor retracement to confirm support at these levels.
Target 1: $195.00
Target 2: $198.00
Stop Loss: $187.50
Short Position: Consider shorting if the price breaks below $188.00, signaling weakness.
Target 1: $185.00
Target 2: $182.00
Stop Loss: $192.00
Key Notes:
The trend over 90 and 180 days shows bullish growth (30.42% and 41.30%, respectively), favoring a long bias.
Use proper risk management with a 1:2 risk-to-reward ratio.
Wait for clear confirmations, such as a breakout or retest, before entering any position.
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