$SOL $SOL /USDT Technical Analysis

Current Price: $175.40

24h High: $180.60

24h Low: $173.01

Recent Trend: -2.41%

Key Levels:

Support Level: $171.93 (SAR indicates potential support)

Resistance Levels:

First Resistance: $180.60 (Recent high)

Second Resistance: $183.38 (Potential breakout point)

Entry and Exit Points:

Entry Level: Consider entering a long position around $173.50 (near the 24h low, which may provide a bounce).

Take Profit Level: Aim for a target around $180.00 to $180.60, where previous resistance has been established.

Stop Loss: Set a stop loss just below $171.00 to mitigate risk.

Summary

Long Position Entry: $173.50

Take Profit: $180.00 - $180.60

Stop Loss: $171.00

Additional Notes:

Monitor the trading volume and market sentiment. A break below the support level could signal a further downturn, while a strong bounce could indicate bullish momentum.#BinanceBlockchainWeek #USJobOpeningsDip #EthereumPectraUpgrade #BTCPredictedNewATH #Write2Earn!