🚨 $SOL /USDT Approaching Critical Levels – Big Move Expected! 🚨
Solana ($SOL) is currently trading at $196.24, gaining momentum after reaching a 24-hour high of $197.37 and a low of $186.50. The chart signals a potential breakout as SOL builds pressure near key resistance levels.
Key Levels to Watch:
Support: $186.50
Resistance: $197.37
Trade Setup:
Entry Point: Around $196.00
Targets:
1. $200.00 (short-term target)
2. $205.00 (mid-term resistance)
3. $210.00 (long-term breakout potential)
Risk Management:
Stop-loss: $193.00 – To safeguard against downside risk.
Market Insight:
A breakout above $197.37 could pave the way for a strong rally toward $210.00, fueled by increased trading volume. However, failure to hold above $186.50 may lead to a retracement, offering re-entry opportunities.
Keep this on your radar – SOL is set for a decisive move!