SOL: An Opportunity in Adjustment?
Testing support, will it lead to a rebound?
Key levels, accurately capturing market trends!
Market Analysis
SOL's recent performance has been weak, with prices showing a continuous decline and market sentiment becoming cautious. However, it is currently approaching an important support area, which may present a possibility for a rebound, making short-term opportunities worth monitoring.
Support and Resistance
• Support levels: 182, 175, 160
• Resistance levels: 190, 200, 215
Short-term Trading Strategy
1. Long Position Plan
• Entry: 185
• Add Position: 175
• Stop Loss: 160
• Take Profit: 190, 200, 215
2. Short Position Plan
• Entry: 190
• Add Position: 200
• Stop Loss: 220
• Take Profit: 182, 175, 160
My Prediction
I am inclined to go long, as SOL may stabilize in the current support area and is expected to rebound, focusing on capturing rebound opportunities in the short term.
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