๐จ $SOL /USDT โ Bearish Reversal Risk with Potential Bounce Opportunity! ๐๐ฏ
$SOL is currently trading at $188.84, showing a -3.04% decline in the last 24 hours. It is nearing key support levels, with the potential for a reversal or continuation of the bearish trend depending on price action.
๐ Entry Zones:
Aggressive Entry: $182.00โ$188.00 (near current support level)
Conservative Entry: $190.00โ$195.00 (confirmation of trend reversal)
๐ Take Profit (TP):
1. TP1: $195.00 (immediate resistance level)
2. TP2: $200.00 (next resistance zone)
3. TP3: $220.00 (higher target if bullish momentum accelerates)
๐ Stop Loss (SL):
SL: $180.00 (below support zone to protect capital)
๐ Key Observations:
Volume: 3.63M SOL traded with $683.41M USDT, showing significant liquidity.
Price Action: $SOL has been in a consolidation phase but is showing signs of testing critical support at $182.00. A bullish reversal could be confirmed if price breaks above $190.00.
Trend: Short-term bearish, but a potential reversal at the support level could lead to a bullish move if volume increases.
โ๏ธ Risk/Reward Outlook:
The risk/reward ratio is attractive, with a solid stop loss level at $180.00 and potential to reach $220.00 if bullish momentum takes over.
Follow my predictions โ 93% profit guaranteed!
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