Technical Analysis Report: $SOL /USDT
Current Price: $145.38 USDT
Resistance: $152.94 USDT
Support: $141.00 USDT
Long Trade: Enter above $150.00 with targets at $152.94, $158.00, and $162.24, and stop loss at $141.00.
Short Trade: Enter below $141.00 with targets at $135.00, $130.00, and $125.00, and stop loss at $150.00.
Breakout Possibilities:
Upside Breakout: If SOL manages to break above $150.00, it could move towards the resistance at $152.94. A breakout above this level might lead to further gains, targeting $158.00 and potentially reaching $162.24 if the bullish momentum continues.
Downside Breakout: The chart shows SOL testing lower levels. If it breaks below the $141.00 support, there could be a significant decline, with potential targets around $135.00 and $130.00. A further breakdown could see SOL reaching the $125.00 level.
The current price action indicates a bearish tendency, but the key levels of $150.00 on the upside and $141.00 on the downside will determine the next major move. Traders should be ready for a potential breakout in either direction, with tight stops to manage risk.
This analysis outlines the current technical situation for SOL/USDT, providing clear entry points and targets while highlighting critical levels to watch for possible breakouts.
#TelegramCEO #SahmRule #LowestCPI2021 #CryptoMarketMoves #BinanceBlockchainWeek
