🔮 Technical Analysis for $SOL /USDT 🔮

📈 Trading Signal: Bearish - Potential short-term downside movement

🔑 Key Levels:

- Support: 161.31

- Resistance: 176.83

📊 Entry Strategy: Consider short positions below 161.31

🔍 Key Insights:

- Bollinger Bands indicate a downside potential

- 4h chart shows a bearish trend formation

💰 Price Prediction: Expected to reach 161.04 in the short term

🔎 Observations:

- High trading volume on the 24h low price

- Price currently near the lower Bollinger Band

⚠️ Risk Management: Set stop-loss orders to protect downside risk

💡 Potential: Short-term profit opportunity with careful risk management

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