🚨🔥 CRITICAL UPDATE: $SOL /USDT AT A MAKE-OR-BREAK LEVEL! 🔥🚨
The $SOL /USDT 4-hour chart reveals that the price is hovering around 157.32 after a significant rejection from the previous support-turned-resistance zone near 160.00. This price level has shown substantial pressure, with the bearish momentum building up.
🔹 Long Entry: If SOL reclaims the 160.00 level with strong volume, a long position could be considered, targeting 165.00 as the initial profit zone. Set a stop loss below 157.00 to manage downside risk in case of a reversal.
🔹 Short Entry: A breakdown below 155.00 would confirm bearish continuation. Enter short with a target near 150.00, and a stop loss above 158.00 to minimize potential losses if the market retraces.
📉 Key Levels to Watch:
• Resistance: 160.00 – Crucial for bullish reversal.
• Support: 155.00 – Last defense for bulls; losing this could trigger a steep fall.
🌐 Stay alert – SOL is on the edge, and a decisive move is imminent!
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