$SOL /USDT – Pullback in Progress! Key Support Test Ahead
#Solana is under pressure today, down -4.36%, as it approaches crucial short-term support. After reaching a 24h high of $150.39, the price has retraced to $140.93, raising attention for a possible bounce or deeper dip.
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Current Price: $140.93
24h Change: -4.36%
24h High: $150.39
24h Low: $140.32
24h Volume (SOL): 2.66M
24h Volume (USDT): $388.60M
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Bearish Breakdown or Bounce Watch:
Bearish Setup (if $140 fails):
Short Entry Zone: $139.80 – $141.00
Take Profit 1 (TP1): $134.00
Take Profit 2 (TP2): $128.50
Stop-Loss: $143.00
Bullish Reversal Setup (if $140 holds):
Long Entry Zone: $140.00 – $141.50
Take Profit 1 (TP1): $146.50
Take Profit 2 (TP2): $150.00
Stop-Loss: $138.20
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Market Insights:
SAR is sitting above price at $147.99, suggesting bearish momentum remains for now.
MACD is negative (DIF: -1.19, DEA: -0.57), confirming current downside pressure.
Holding $140.00 support is crucial — a break below may invite deeper correction.
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Action Plan:
Wait for price action confirmation at $140. A bounce with strong volume could offer a quick long scalp. Failure to hold might trigger a short opportunity with clean downside.
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Pro Tip:
Use tight stop-losses and trail profits aggressively in this volatility. If you’re entering both directions, keep position sizes small and risk-defined.
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SOL traders – will this be a bounce or breakdown?
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