Bullish View: đ„đž Consider a long position if there is a clear reversal pattern, with the price moving above 148.388 (EMA 7) and potentially targeting 152.295.
Always use stop-loss orders to manage risk, especially in volatile markets like cryptocurrency. #Solana_Blockchain
If the price fails to maintain above 1.50 and drops below 1.464, it might indicate further downside potential. The next support levels to watch could be around 1.40 and 1.30.
Bullish Scenario: If the price manages to break above the recent resistance level around 1.547 and sustain above it with increased volume, it might indicate a bullish trend. In this case, setting a target around the previous support turned resistance levels, like 1.669 or higher towards 2.00, could be prudent.