$SOLV /USDT – Bearish Pullback in Progress!
Momentum Analysis: SOLV/USDT is experiencing a bearish trend with a 7.02% drop in price over the last 24 hours. The coin is consolidating near the low of 0.0371, with a possible short-term further decline if support at 0.0371 breaks. This is a potential opportunity for traders looking to catch a pullback.
Short Setup:
Entry Zone: 0.0384 (current price), or a potential retest at 0.0395
Targets:
T1: 0.0371
T2: 0.0369
T3: 0.0355 (if downtrend continues)
Stop Loss: 0.0405 (just above the 0.0400 resistance level)
Breakout Confirmation Level & Key Support:
Breakout confirmation above 0.0395 could suggest a reversal.
Key support lies at 0.0371, with further downside pressure possible below this level.
Pro Tip for Traders: If you're considering a short position, watch the depth levels. A break below 0.0371 could signal continuation. Ensure a tight stop to protect against potential false breakouts.
Relevant Hashtags: #SOLVUSDT #CryptoAnalysis #DeFi
#BearishPullback #TradingOpportunities #CryptoMarket