🚨 $SOL /USDT: Bullish Momentum – Key Levels to Watch! 🔥
$SOL is currently trading at $232.13, reflecting a +4.56% increase over the last 24 hours. The price shows strong bullish momentum and suggests further upside if key levels hold.
Trade Setup:
Long Entry:
Entry: Above $234.00
Targets:
Target 1: $240.00
Target 2: $245.00
Target 3: $250.00
Stop Loss: $228.00
Short Entry:
Entry: Below $220.00
Targets:
Target 1: $215.00
Target 2: $210.00
Stop Loss: $225.00
Market Insights:
Resistance Zone: The level at $234.00 is crucial for continuation. A breakout above this could propel $SOL to new highs.
Support Level: A dip below $220.00 may see a correction toward $215.00 or $210.00, so watch this level closely.
Volume: Strong market participation with 4.11M SOL and $936.02M USDT traded over the past 24 hours suggests healthy momentum.
Risk Management:
As always, be mindful of volatility. Adjust your position size according to your risk tolerance and set stop losses to manage potential drawdowns.
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