🚨 Technical Analysis of $SOL 🚨
📢 $SOL is demonstrating positive momentum
If it breaks the strong resistance at $160.70, it could continue to rise Currently, it is trading at $158.55 with a minor increase of 0.17%. Key levels to monitor include the 24-hour high of $161.60 and the low of $155.07
🟢Long Position Strategy
Entry Point: Near $155.30
Target: $161.60 (24-hour high)
Stop Loss: Around $154.50 to manage risk
🔴Short Position Strategy
Entry Point: Near $161.00
Target: $155.07 (24-hour low)
Stop Loss: At $162.00
📢 Monitoring Tools Ensure to monitor the 15-minute and hourly charts for potential entry and exit points based on price action and volume trends