$SOL /USDT Technical Analysis - Bearish Pressure Persists
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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