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$SOL USDT Technical Analysis Update
Current Price: $197
Pattern: Broadening Wedge
Bias: Bullish
$SOL is showing strong bullish behavior despite a slight pullback to $197. The price remains near the key breakout zone, suggesting bulls are still in control. The broadening wedge pattern continues to signal high volatility and potential for large directional moves.
With a breakout still valid above $200, the market could be prepping for another leg up if momentum returns. Watch closely for a confirmed push back above the resistance level.
🔸 Buy Zone: Above $197
🔸 Stop Loss: Below $150
🔸 Max Leverage: 2x (manage exposure carefully)
🎯 Upside Targets:
Target 1: $220
Target 2: $250 (likely resistance zone)
Target 3: $350
Target 4: $500 (broadening wedge projection)
📌 Risk Management Reminder:
Breakouts can be fast and powerful, but sticking to your stop loss and position sizing is crucial. Don’t trade without a plan.
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