$SOL $SOL $SOL

SOL/USDT Technical Analysis: Bullish Momentum

The SOL/USDT pair is currently displaying bullish momentum, trading at £178.70 (+1.01%). The price has broken above the key resistance level of £178.20, indicating strong buying pressure. A potential entry strategy is to buy on a pullback to the newly established support level at £178.20.

Key Support and Resistance Levels:

* Support: £178.20

* Resistance: £183.38

Trading Strategy:

* Buy Entry: Consider buying on a pullback to the £178.20 support level.

* Stop-Loss: Place a stop-loss order below the recent swing low to manage risk.

* Take-Profit: Set a take-profit target at the next resistance level, which is currently £183.38.

Disclaimer: This analysis is not financial advice. Do your own research or consult a financial advisor.

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