$SOL /USDT Technical Analysis - Bearish Pressure Persists

XRP
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Key Levels

Current Price: $176.58

Support Levels: $175.00, $172.00

Resistance Levels: $178.00, $182.00

Trade Setup

Short Position Strategy:

Entry Zone: $177.00 - $179.00

Targets:

Target 1: $175.00

Target 2: $172.00

Target 3: $170.00

Stop Loss: $182.00

Technical Overview

SOL/USDT is experiencing consistent bearish momentum, breaking below key levels and testing the $175.14 support. This indicates further downside potential, especially if the price remains below $178.00. However, if support at $175.00 holds, a relief bounce may test the $178.00 resistance before resuming the downtrend.

Action Plan

Look for short entries within the $177.00 - $179.00 range.

Lock in profits at each target level while adjusting your stop loss to reduce risk.

Watch for volume confirmation to validate further downward movement.

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