$SOL /USDT Technical Analysis

🔹 Current Price: $217.07 (+4.30%)

🔹 Support Levels: $210 | $204

🔹 Resistance Levels: $220 | $230

The 1D chart indicates a bullish momentum with higher highs and higher lows. Key indicators:

RSI: 68 (near overbought, but strong)

MACD: Bullish crossover with upward momentum.

Moving Averages:

50 EMA: $200 (acting as support)

200 EMA: $180 (long-term support)

The breakout above $215 suggests continuation towards higher resistance zones, supported by strong trading volumes.

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Trade Signal:

Type: Long (Buy)

Entry Zone: $215 - $218

🎯 Targets:

1. Target 1: $220

2. Target 2: $225

3. Target 3: $230

Stop Loss: $204 (to manage risk)

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Trade Momentum:

1. Bullish Momentum: Supported by high trading volumes and consistent breakouts.

2. Caution: RSI nearing overbought; monitor for a pullback around resistance levels.

💡 Pro Tip: Watch the $220 level closely. If SOL breaks above with strong volume, it could quickly surge towards $230.

What’s your take? Let’s trade wisely and profit together! 💹

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