SOL is currently trading at $143.919.
Key price analysis:
Upside Challenge: SOL is trying to conquer the $145.919 resistance price
Support below: If the bullish offensive is frustrated, the support level of $142.919 will act as a solid backing, providing SOL with the necessary breathing space.
Trading strategies and entry points:
Long Opportunities: Current Price
Stop loss setting: $142.50 to ensure that loss can be stopped in time in unfavorable situations to avoid further expansion of losses.
In-depth analysis:
SOL is currently at a critical market node. On the one hand, if it can successfully break through the resistance level, its upward space will be further opened up, and bulls may usher in a broader world. But on the other hand, if the resistance level remains strong, SOL may face the pressure of a callback and retreat to the support level for consolidation. Therefore, traders need to pay close attention to market trends and adjust their trading strategies in time.
