$SOL /USDT Technical Analysis & Trade Signal

Current Price: $196.38 (-0.21%)

24h High: $201.85

24h Low: $193.35

Trend Overview:

Support Levels: $193.50, $190.00

Resistance Levels: $198.50, $201.85

Price is showing slight consolidation, with potential for upward movement if resistance at $198.50 is breached.

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Trade Signal

Strategy: Long Position

Entry Zone: $195.50–$196.50 (on a dip near support or breakout confirmation above $198)

Stop Loss: $192.50 (below key support level)

🎯 Targets:

1. Target 1: $198.50 (Immediate resistance)

2. Target 2: $200.50 (Near psychological level and EMA resistance)

3. Target 3: $202.00 (Above 24h high, potential breakout zone)

Indicators:

RSI: 50–55, indicating a neutral-to-bullish sentiment.

MACD: Mild bullish crossover on the 4H chart, signaling potential momentum buildup.

EMA Levels: 20 EMA near $197.00, acting as minor resistance.

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Trade Momentum:

Bullish: A breakout above $198 with increasing buying volume confirms upward momentum.

Bearish: If price falls below $193.50 with strong sell volume, short-term correction likely.

Risk Management: Follow stop-loss strictly and avoid over-leveraging in volatile conditions.

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