$SOL SOL/USDT Analysis Report

⏰ Timeframe: 1-Hour Chart

📉 Current Price: $251.62

📊 24H Range: $248.08 - $270.18

---

Market Overview

Solana is showing a retracement after hitting a high of $270. The price has dropped to $248 support and is now attempting a recovery. The overall trend shows potential consolidation, awaiting further breakout or breakdown.

---

Long Trade Setup

🎯 Entry Zone:

Conservative: $253.00 (confirmation above $252 resistance)

Aggressive: $250.50 (buy near support for a tighter stop loss)

🎯 Target Levels:

1. TP1: $256.00

2. TP2: $260.00

3. TP3: $265.00

🛡️ Stop Loss: $247.00

💡 Strategy: Look for price holding above $250 and signs of bullish volume for confirmation. A breakout above $252 can indicate a bullish move.

---

Short Trade Setup

🎯 Entry Zone:

Conservative: $251.00 (if price rejects $252 resistance)

Aggressive: $253.50 (short near the $255 resistance level)

🎯 Target Levels:

1. TP1: $248.00

2. TP2: $245.00

3. TP3: $242.00

🛡️ Stop Loss: $254.00

💡 Strategy: Watch for rejection patterns at $252-$253. A bearish move below $250 with volume could confirm further downside.

---

Technical Indicators & Observations

📉 Momentum: Neutral; slight recovery after recent drop suggests potential bounce.

🛠️ Key Levels:

Resistance: $252.00, $256.00

Support: $248.00, $245.00

🔍 Conclusion:

A bullish breakout above $252 can lead to a recovery toward $260 or higher.

A bearish breakdown below $248 could test lower support levels near $245 or $242.

Risk Management Tip: Always apply a 1:2 risk-to-reward ratio and avoid over-leveraging. 📊

---

Let me know if you'd like further customization or insights!#BinanceAlphaAlert #USConsumerConfidence #ETHProspects