$SOL Update: Significant Price Drop
Earlier today, I recommended short trades on $SOL. If you followed this advice, you could have earned around $5,000 due to my accurate analysis. There is still an opportunity to invest and capitalize on short trades.
$SOL/USDT Technical Analysis:
- Current Price: $136.58, down 8.85%
- 24-Hour Range: $132.21 - $150.05
- Trading Volume: 4.91M SOL (equivalent to 696.63M USDT)
Key Levels to Watch:
- Support: $132.21 (critical level). A break below this could lead to a further decline towards $131.07.
- Resistance: $150.05. A rebound from current levels could target this resistance.
Volume Analysis:
- Rising Volume at Support May indicate a buying opportunity.
- Falling Volume:Suggests caution.
Timeframes for Trade Decisions:
- Intraday:Use 15-minute and 1-hour charts.
- Longer-Term:Refer to 4-hour and daily charts.
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