đš $SOL /USDT Technical Analysis đš
Current Price: $216.82 USDT
đ 4H Chart Analysis
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đ Market Overview:
24h High: $227.56
24h Low: $213.26
Trend: Consolidation near key support with potential for breakout or breakdown.
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đ” Long Trade Setup (Bullish Bias):
Entry Level: $218.00 - $220.00 (Confirmation above resistance)
Target 1: $225.00
Target 2: $230.00
Stop-Loss: $215.00
âł For traders expecting a reversal and upward momentum.
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đŽ Short Trade Setup (Bearish Bias):
Entry Level: $216.00 - $214.50 (Breakdown confirmation)
Target 1: $210.00
Target 2: $205.00
Stop-Loss: $220.00
âł Ideal setup for those anticipating a continuation of the downtrend.
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đ Key Observations:
SOL is consolidating between $213.00 (support) and $220.00 (resistance).
Volume is decreasing, signaling a potential big move soon.
A breakout above $220.00 will indicate bullish continuation, while a breakdown below $214.00 may trigger further downside.
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đĄ Trade Smart:
Use proper stop-losses and trailing stops to manage risk.
Watch for volume confirmation at entry points to avoid false signals.
Secure partial profits at initial targets.
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đ Next Potential Targets:
đ Upside: $230.00 | đ Downside: $205.00
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