$SOL
A more concise analysis of SOL/USDT on the 4-hour chart 🔎:
1️⃣ Trend Overview 📈
•Strong Uptrend: From $135.52 to a peak of $264.39.
•Consolidation Phase: Current price around $219.91 after a pullback.
2️⃣ Key Levels 🔍
•Resistance 🚧:
•$223.58: Short-term barrier.
•$264.39: Major resistance (previous high).
•Support 🛡️:
•$215.68: Immediate support.
•$176.33: Stronger support zone.
3️⃣ Candlestick & Volume 🕯️
•Indecision Candles: Small moves with weak momentum.
•Volume Decline: Caution among buyers. Watch for volume spikes at support or resistance.
4️⃣ Scenarios ⚔️
1.Bullish 🐂: Break above $223.58 targets $240+.
2.Bearish 🐻: Drop below $215.68 may test $200-$176.33.
🎯 Quick Strategy 🔑
•Long above $223 📈
•Short below $215 📉
Watch volume and price action for confirmation! 🔥