$SOL /USDT Technical Analysis
Current Price: $248.50
24H High: $263.60
24H Low: $248.00
24H Volume: 4.19M SOL
Analysis:
The $SOL /USDT pair is currently consolidating within a descending channel pattern. This pattern suggests a potential bearish breakout, indicating a downside move.
Trade Ideas:
Short Trade:
* Entry: Below $248.00 (24H Low)
* Target: $229.40
* Stop Loss: Above $263.60 (24H High)
Leverage: 2x-3x
Market Outlook:
Given the bearish pattern and recent price action, a bearish breakout below the support level is likely. Traders should be cautious and consider short positions with proper risk management.
