SOL/USDT Analysis: Should You Go Long or Short???
With $SOL hovering around $135-$136, it's sitting just below key resistance levels, which could dictate the next move.
Let's break it down to help decide if you should go long or short.
**Strategy**
Long Position:
If SOL breaks $136.37, a long position could be opened with the target around $140-$144 if bullish momentum continues.
Stop-Loss: Place it around $132 to limit risk in case the price reverses.
Short Position:
If SOL fails to break $136.37 and shows rejection, consider a short position with targets at $132.32 and $128.60.
Stop-Loss: Around $137-$138, just above the key resistance, to minimize losses if the trade goes against you.
**Conclusion**
- Go long if SOL breaks $136.37, with targets at $140-$144.
- Go short if SOL gets rejected at $136, with targets down to $132.32 and $128.60.
Watch the price carefully near these key levels and trade accordingly!
