$SOL Trading Strategy
Bullish Scenario:
A breakout above $240.65 with sustained volume could lead to a test of higher levels, potentially around $250–$260.
Traders may consider entering long positions above $241, with stop-loss at $231.14.
Bearish Scenario:
If the price fails to break $240.65 and reverses, support at $231.14 will be crucial. A break below this could lead to further downside toward $220.70.
Support and Resistance Levels:
Immediate Support: $231.14 – A recent consolidation point before the breakout.
Critical Support: $220.70 – Aligned with MA(99), providing long-term trend support.
Resistance: $240.65 – Current 24-hour high, acting as a psychological and technical barrier.
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