Hey, just wanted to give you a quick update on $SOL/USDT. Right now, it’s trading around 155.73, and it’s pretty close to a key support level at 154.33.
Here’s the deal:
-If $SOL holds above 154.33, it could bounce and head toward 161.00 or even higher, like 164.75.
-If you’re thinking about going long, it might be a good idea to wait for that bounce from support. You could enter somewhere between 154.30 - 155.00 and aim for 161.00 - 161.50 as your target. Set your stop loss just below 154.00 to stay safe in case it breaks down.
But, if the price drops below 154.00, it might fall further down to around 150.66. In that case, you could consider shorting, with a target of 150.66. Just make sure to set a stop above 156.00 in case it’s a false breakout.
The RSI is getting close to oversold, so we could see a bounce soon, but it’s important to wait for confirmation. Keep an eye on the price action around these levels before making your move.
