📈 $SOL /USDT Short Trade Analysis 📉

Analyzing the SOL/USDT pair for a potential short trade opportunity. Based on current technical indicators, here’s an overview of key price levels and targets to consider.

🔍 Technical Overview:

Current Price: $214.08

Resistance Level: $220.00 (a possible pivot if price retraces)

Support Levels: $205.00 and $200.00

📉 Indicators:

Moving Average (MA): Shows a slight downtrend, signaling bearish potential.

RSI: Trending toward overbought, which may indicate a reversal soon.

MACD: Signals a weakening bullish momentum, suggesting downside potential.

🎯 Target Levels:

1. Target 1: $210.00 – First key support

2. Target 2: $205.00 – Potential breakdown level

3. Target 3: $200.00 – Strong support and key profit-taking area

💡 Strategy Tip: Set stop-loss just above the resistance level at $220 to manage risk. As always, trade with caution and monitor market volatility.

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