short technical analysis and trade signals for $SOL

/USDT with three target levels:

$SOL/USDT Technical Analysis

Current Price: $206.84 (down 5.51% in the last 24 hours)

Trend: Bearish short-term, testing support.

Support Level: $205.36

Resistance Level: $220.48

Trade Signals

Momentum: Bearish momentum in the short term; however, there could be a possible reversal near support.

Target Levels 🎯

1. Target 1: $220.50 (Resistance Level)

Rationale: If the price recovers, watch for a breakout towards this resistance level.

2. Target 2: $211.00 (Mid-range level)

Rationale: A bounce from support could target this area as a temporary resistance before testing higher levels.

3. Target 3: $205.36 (Support Level)

Rationale: If bearish momentum persists, this support level is a key zone. A break below could lead to further downside.

Trade Momentum

Bullish: Look for a rebound above $211.00 to enter a long position.

Bearish: If the price falls below $205.36, consider short positions.

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