$SOL
/USDT Technical Analysis and Trade SignalsđđŻ
Current Market Overview:
Current Price: $221.58
24H High/Low: $221.61 / $204.48
Volume: 1.09B USDT (strong liquidity).
Bollinger Bands: Price is trading above the Upper Band (221.47), signaling potential bullish momentum.
SAR: At $219.86, below the current price, confirming an uptrend.
Key Technical Indicators:
1. Momentum: Strong upward move as the price breaks the Bollinger Upper Band.
2. Trend: Bullish, supported by SAR and high volume.
3. Resistance Levels: Near $225 (psychological resistance) and $230.
4. Support Levels: Near $219.86 (SAR level) and $215 (mid-range support).
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Trade Signals:
Momentum: Bullish (Medium to High Confidence)
Entry Zone: $220 - $222 (on slight pullbacks for a safer entry).
Stop Loss: $219.50 (below SAR to limit downside risk).
Targets đŻ:
1. Target 1: $225 (Short-term resistance).
2. Target 2: $230 (Intermediate resistance).
3. Target 3: $235 (Extended resistance, strong bullish continuation).
Strategy:
For Long Trades:
Enter near $220-$222 range.
Trail stop-loss to lock profits as targets are approached.
For Short Trades:
Only consider shorting below $219 with a confirmation candle.
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