$SOL trading signal 🚨
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1. Current Price: SOL is trading at $193.95, showing a 4.46% increase, with strong upward momentum.
2. Moving Averages (MA):
Short-term MA(7): $192.78 (Bullish)
Mid-term MA(25): $188.97
Long-term MA(99): $188.34
3. Support & Resistance Levels:
Immediate resistance at the 24h high of $194.37.
Key support around $185.96 (previous low).
4. Trade Setup:
Long Entry: If price breaks above $194.37 with strong volume, a long entry around $195 could be favorable.
Short Entry: Consider shorting if price drops below $191.00, indicating a potential pullback.
5. Stop-Loss:
Long Position: Place stop-loss around $191.71 to minimize downside risk.
Short Position: Place stop-loss above $194.50.
Note: Monitor volume and trend strength indicators for confirmation.