Likely to go down, check on daily time frame!

🚨 $SOL /USDT ALERT: BULLISH REVERSAL OR FAKEOUT? WATCH THESE LEVELS! 🚨

$SOL is trading at $236.88, showing a 3.32% gain after rebounding from a low of $215.00. The price has recovered sharply, testing critical moving averages, signaling a potential bullish continuation or a rejection near key resistance levels.

💡 Key Levels to Watch:

1. Resistance 1: $240.60 – A breakout above this could signal a push toward higher levels.

2. Resistance 2: $246.77 – Clearing this level may confirm strong bullish momentum.

3. Resistance 3: $248.36 – Breaching this could mark the start of a new uptrend.

📉 Critical Support:

$225.06 – Holding above this level is essential to maintain bullish sentiment. A drop below could see SOL retesting the $215.00 level.

Strategy:

Bullish Scenario: Enter long on a breakout above $240.60, aiming for $246.77 and $248.36, with a stop loss at $235.00.

Bearish Scenario: Short if SOL breaks below $225.06, targeting $215.00, with a stop loss at $230.00.

SOL is at a critical juncture – monitor these levels closely for the next decisive move. Manage your trades with discipline!

#SOL #Crypto #TradingSignals #Binance