$SOL /USDT Trading Signal - Testing Support After Significant Drop
Entry Range: $228.00 - $230.00
Target 1 (TP1): $236.00
Target 2 (TP2): $244.00
Stop Loss (SL): $220.00
Market Analysis:
SOL/USDT is trading at $228.58 after a sharp 10.83% decline from its 24-hour high of $257.58. The price tested the daily low of $220.89 and has started showing signs of stabilization. If the current support holds, SOL could rebound toward the $236.00 resistance, with an extended move to $244.00 if buying pressure sustains.
The stop loss at $220.00 ensures protection against further downside risks.
Key Levels to Watch:
Resistance: $236.00, $244.00
Support: $228.00, $220.00
Pro Tip: Secure partial profits at TP1 and adjust your stop loss to breakeven if the price moves above $235.00. Watch for increased trading volume as confirmation of a potential reversal.
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