SOL/USDT Trading Strategy Analysis and Market Hotspots

Recently, the SOL/USDT trading pair in the cryptocurrency market has shown strong upward potential. As of now, the current price of SOL/USDT is $184.21, with a daily increase of 5.87%, and market enthusiasm continues to rise.

From a market structure perspective, the SOL price has started a strong rebound from the $173.87 position and is currently in the testing phase of the key resistance level at $185.40. The 1-hour chart exhibits a clear bullish pattern, and the market trading volume has performed impressively, exceeding $6.97 billion, indicating ample buying power in the market, providing strong support for further price increases.

Based on the current market situation, the following trading strategy is formulated for investors:

• Entry Conditions: Entry can be made when the price effectively breaks through $185.60. It is worth noting that this effective breakthrough requires a 1-hour candlestick closing price above $185.60, accompanied by a trading volume of at least 1 million SOL as a confirmation standard, in order to avoid common false breakout traps.

• Profit Target: Set three tiered profit-taking levels. The first target TP1 is set at $190.50; when the price reaches this point, partial profit-taking can be done to lock in profits. If the price continues to rise, the second target TP2 is set at $195.80; and when the price reaches TP3 at $202.00, most of the position can be closed for profit, maximizing returns.

• Stop-loss Strategy: To control risk, the stop-loss level is set below $180.80, with a closing price below this level on the 1-hour chart triggering the stop-loss signal, ensuring that losses are kept within an acceptable range when the market trend deviates from expectations.

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