$SOL Trading Strategy
SOL/USDT is in a strong uptrend, but resistance at $245.27 may pose a challenge in the short term. If the price sustains above this level, it could test the psychological barrier of $250. Traders should remain cautious and monitor volume and resistance levels closely.
For Bulls:
Look for a breakout above $245.27 for a continuation toward $250.
Set stop-loss below $239 to manage risk.
For Bears:
Watch for rejection near $245-$246 for a potential pullback to $239.
Short positions can be considered below $239 with a target near $231.
Conclusion
Support and Resistance Levels
Immediate Support: $239.50 (near MA 25).
Key Support: $231.21 (previous low and demand zone).
Immediate Resistance: $245.27 (current 24-hour high).
Key Resistance: $245.98 (recent high on the chart).
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