SOL/USDT Analysis
Price is nearing a key support zone around $185 - $175, which has historically acted as a strong demand area.
It is crucial to wait for the price to reach this support level and observe for bullish confirmation (e.g., a bullish candlestick pattern or reversal signals).
If the price holds this level and bounces, we can expect a significant recovery toward the $210 - $220 range.
A break below $175 would invalidate this setup and could lead to further downside.
Strategy
1. Wait for a clear bounce off the support zone before entering a long position.
2. Set initial targets at $210 and $220, with stop loss below $175 for risk management.
Keep this chart on your watchlist and monitor price action near support!
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
