Whether SOL can return to its peak depends on this wave!
SOL trading is heating up, and the critical moment is coming! The current price is $196.15. Before trading, you need to know this information:
Fall warning: SOL suddenly plunged after reaching a high point near $220.
Key support level:
In the present: $195.75 - can this line of defense be defended?
Next: $190 - the psychological battle unfolds here.
Resistance level:
$200: It is critical to regain this point.
Above $210: Can the bulls make a comeback?
Trading strategy: short or long?
Short idea: If SOL falls below $195, you can consider shorting.
Entry time: The price is lower than $195, and there is a large amount of selling confirmation.
Target price:
First target: $190.
Further decline target: $185 - the decline may be further expanded!
Stop loss setting: Set a tight stop loss at $200 to protect your wallet.
Why short?
The downward trend is obvious, the selling pressure is high, and it may continue to fall.
Long ideas: Wait for SOL to break through the reversal momentum of $200.
Entry time: SOL recovers $200 and stands firm.
Target price:
First target: $210.
Higher target: $220 - can the bulls take control of the overall situation?
Stop loss setting: Below $195, reduce risk.
Why long?
Recovering $200 shows strong buyer power and rebound is expected!
Why this transaction is worth paying attention to
Rising trading volume: Traders are active, who will win between shorts and longs?
Key points: A drop below $195 may trigger a sell-off, while above $200 may usher in a recovery.
High volatility: Short-term traders who like big trends should not miss it!
1️⃣ Keep an eye on $195.75 - this is the key to decide whether to hold or break through.
2️⃣ Pursue stable profits and maximize profits.
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