🔥🥵
$SOL TECHNICAL ANALYSIS :
1. Support and Resistance Levels:
Support: The price level at which buying interest is strong enough to prevent further decline. In our case, $149.71 acts as a support level.
Resistance: The price level at which selling pressure is significant, preventing further upward movement. Here, $157.46 serves as a resistance level.
2. Entry Strategies: Breakout Entry: If the price breaks above the resistance level ($157.46), consider entering a long position. Pullback Entry: If the price retraces to the support level ($149.71), consider entering a long position with a tight stop-loss.
3. Risk Management: Set a stop-loss below the support level to limit potential losses. Consider the risk-reward ratio before entering any trade.
4. Timeframes: Short-term traders (15m, 1h) can focus on intraday movements. Long-term investors (1D) should consider broader trends.
Remember that trading involves risks, and it's essential to do thorough research and adapt your strategy based on market conditions. 🚀
#Write2Earn! #solonapumping #CryptoVIP