This chart displays the $SOL /USDT trading pair on the Binance platform, using a 15-minute timeframe. Currently, the price is at $194.60, showing a slight decline of 0.21%. The chart indicates a strong upward trend earlier in the session, with a retracement phase currently in play.

Analysis:

1. Long Entry: Consider entering a long position if the price breaks above $196 with strong volume, as this could signal a continuation of the uptrend.

Stop Loss: Place a stop loss at $192 to protect against downside risk.

Target: Aim for $200 as the next resistance level.

2. Short Entry: A short position can be considered if the price breaks below $192 with confirmation of selling pressure.

Stop Loss: Place a stop loss at $196 to cap potential losses.

Target: Look for $188 as a support level for profit-taking.

Key Observations:

The one-year gain of 87.29% suggests a strong long-term trend, but short-term pullbacks like this can offer opportunities.

Monitor key levels closely and use tight risk management, as the 15-minute timeframe is prone to volatility.

Trade cautiously and consider macro market conditions.

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