$SOL /USDT BEARISH TECHNICAL ANALYSIS – SHORT ENTRY RECOMMENDED
Market Overview: The
$SOL /USDT pair has shown consistent weakness over the past 24 hours, currently trending in a bearish formation. The price has failed to break above key resistance levels, indicating downward momentum. A retest of the lower support range is highly probable.
Entry:
Short Position: 157.41 (at the current market resistance level)
Target Price (TP):
TP1: 153.80
TP2: 153.33
Stop Loss (SL):
SL: 163.06 (above the recent high)
Technical Indicators:
Resistance: 163.06
Support: 153.80
24h Range: 153.80 - 163.06
Volume: 3.54M SOL traded in the last 24 hours, indicating moderate market interest.
Risk Management:
Position size should be adjusted based on risk tolerance.
Set SL 3-4% above the entry point to minimize potential losses.
Risk to reward ratio of 2:1 is recommended.
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