šØ $SOL /USDT ALERT: $225.71 ā Testing Critical Support Levels! šØ
$SOL is down 4.67%, trading near its support level of $223.09 after reaching a 24-hour high of $239.41. The price is hovering at a key inflection point, signaling a potential breakout or further downside.
Key Levels to Watch:
1. Target 1: $231.54 ā Immediate resistance. A breakout above this level could indicate short-term recovery.
2. Target 2: $239.41 ā The 24-hour high and a key resistance zone. A move above this level may signal renewed bullish momentum.
3. Target 3: $252.55 ā A psychological resistance level that could act as a major upside target if bullish pressure resumes.
Support Level:
$223.09 ā A critical support zone. A breakdown below this level could lead to further declines toward $220.00.
Trade Setup:
Entry Price: $225.71
Stop Loss: Below $223.09 to minimize downside risk.
Take Profit Targets: $231.54, $239.41, $252.55
ā ļø Note: SOL remains volatile. Monitor volume and price action closely for confirmation of breakouts or breakdowns. Ensure tight risk management to navigate potential market swings.