$SOL
TRADING SIGNAL FOR SOL/USDT ON 20/5/2025 📈🎯
Currency Pair: SOL/USDT (Binance Exchange)
Time Frame: 1H
Signal: BUY
TRADING STRATEGY:
Entry Area: $160 – $165
Target 1 (TP1): $170
Target 2 (TP2): $175
Stop Loss (SL): $155
GENERAL ANALYSIS:
Trend: Neutral to BULLISH.
Indicators:
RSI: ~62 (slightly decreasing but overall still shows the strength of the buyers).
MACD: Signs of DECREASING MOMENTUM, need to monitor further.
Key Levels:
Support: STRONG zone at $156 – $158.
Resistance: Right in front is $164 – $170. If it successfully BREAKS above $170, there is a possibility of CONTINUED STRONG BULLISH movement.
You can refer to this signal to make your own trading decision.
Note: This information is for reference only and is not investment advice. Please keep yourself updated and make your own decisions.
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