đ¨ $SOL /USDT PRIMED FOR A MAJOR MOVE â WHATâS YOUR NEXT MOVE? đ¨
The $SOL /USDT pair is currently trading within an ascending channel, with the price nearing the critical resistance zone around 160 USDT. This area is the key hurdle to clear for any potential bullish continuation.
đĄ Support and Resistance Overview đĄ
⢠Resistance: 160 USDT
⢠Support: 156 USDT
The current pullback suggests consolidation, but if 160 USDT breaks, expect a sharp rally toward 164 USDT. On the flip side, a rejection here could lead to a breakdown toward 156 USDT, potentially testing 154 USDT.
đ Long Entry: Enter above 160.5 USDT with a target at 164 USDT.
Stop Loss: 158 USDT (to limit downside risk).
đ Short Entry: Enter below 158 USDT, targeting a drop to 154 USDT.
Stop Loss: 160 USDT.
This setup provides clear levels to watch, with both bullish and bearish opportunities in play. Stay sharp, and watch for volume confirmation to validate the breakout or breakdown!
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