SaqibRajpoot

📉 $SOL /USDT Market Analysis - Binance (1H Chart)

🔹 Current Price: 192.59 USDT (-0.03%)
📊 Timeframe: 1-Hour Chart

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📌 Key Observations:

✅ Recent Uptrend & Reversal:

SOL experienced a strong rally but has since lost momentum and is forming a downtrend.

Lower highs and lower lows indicate bearish pressure.

📉 Support Zone:

Key support: 192.00 - 189.80 USDT (Must hold to prevent further downside).

A break below 189.80 USDT could trigger a further drop towards 188.00 USDT or lower.

📌 Resistance Zone:

Immediate resistance: 196.00 USDT (short-term recovery level).

Major resistance: 205.63 - 207.46 USDT, where the recent sell-off started.

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📈 Bullish Scenario (If Price Holds Above 192.00 USDT)

📌 Buy Entry: If price bounces above 193.00 USDT with volume.
🎯 Target 1: 196.00 USDT (First Resistance). ✅
🎯 Target 2: 205.63 - 207.46 USDT (Major Resistance). ✅
❌ Stop Loss: Below 189.80 USDT (Breakdown confirmation).

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📉 Bearish Scenario (If Breakdown Below 192.00 USDT)

📌 Short Entry: If price fails to hold support at 192.00 USDT.
🎯 Target 1: 189.80 USDT (Next Major Support). ✅
🎯 Target 2: 188.00 USDT (Deeper Sell-off). ✅
❌ Stop Loss: Above 195.00 USDT (Invalidates breakdown).

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⚠️ Risk Warning:

📌 The trend is currently bearish with price struggling at support.
📌 Watch for volume increase near 192.00 USDT—failure to hold may accelerate selling.

🔎 Stay cautious and watch the 192.00 USDT level! 🚀

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