⚠️ $SOL/USDT Dives 9%: Will Bulls Defend Key Support? ⚠️
SOL is witnessing heavy selling pressure, trading at $191.08, down 9.08% in the past 24 hours. After hitting a high of $212.14, SOL dropped sharply to a low of $187.00, testing critical support levels.
Key Levels to Monitor:
Support: $187.00 – A breakdown below this level could accelerate the downtrend.
Resistance Levels (Targets):
1. $200.00 – Immediate resistance to watch for any recovery attempts.
2. $215.00 – Key level to regain bullish momentum.
3. $229.00 – A breakout above this zone could initiate a strong rally.
Trade Setup:
Long Entry: Above $200.00, targeting $215.00 and $229.00.
Short Entry: Below $187.00, aiming for $180.00 or lower.
Stop-Loss: Maintain at $185.00 to manage downside risk.
💡 Pro Insight: SOL’s high volatility indicates potential for sharp moves. Traders should monitor volume closely at support and resistance levels for breakout or breakdown confirmation. Manage trades with caution.
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