Solana (SOL) is trading at approximately $185.87 USDT.
Technical Indicators:
• Support Levels:
• First Support: $178.04
• Second Support: $165.02
• Third Support: $154.26
• Resistance Levels:
• First Resistance: $201.82
• Second Resistance: $212.57
• Third Resistance: $225.60
These levels are derived from recent price action and pivot point calculations.
Market Sentiment:
Technical analysis suggests a bearish trend for SOL/USDT in the short term. Indicators such as the Relative Strength Index (RSI) and Moving Averages are signaling a ‘Strong Sell.’
Trade Setup:
• 🔷 Coin Name: SOL/USDT
• 🟩 Long/Short: Short
• ♻️ Leverage: 3x (use caution with leverage)
• 👉 Entry: $185.00
• 🎯 Targets:
• First Target: $178.00
• Second Target: $165.00
• Third Target: $154.00
• ⛔ Stop Loss: $192.00
Alternative Scenario:
If the stop loss at $192.00 is hit, it may indicate a reversal to a bullish trend. In this case, consider a long position with the following parameters:
• 🟩 Long/Short: Long
• ♻️ Leverage: 3x (use caution with leverage)
• 👉 Entry: $193.00
• 🎯 Targets:
• First Target: $201.00
• Second Target: $212.00
• Third Target: $225.00
• ⛔ Stop Loss: $185.00