Technical Analysis Report: $SOL /USDT
Current Price: $134.07
Resistance: $141.05
Support: $130.00
Long Trade:
Entry Point: Above $141.05Targets: $150.00, $155.76 (TP2)Stop Loss: $130.00
Breakout Analysis:
Scenario 1 - Bullish Breakout:
If SOL breaks above the $141.05 resistance level, it could signal a bullish continuation. The first target would be around $150.00, with the potential to reach $155.76 (TP2) as bullish momentum strengthens.
Scenario 2 - Bearish Breakdown:
A breakdown below the $130.00 support level could trigger a bearish move. The first target would be $125.00, with a further decline potentially taking the price down to $120.00 if selling pressure increases.
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