๐จ $SOL /USDT โ Strong Bounce or Temporary Push? ๐ฅ
$SOL is regaining momentum, currently trading at $163.95 (+2.04%), and approaching short-term resistance. Is this the start of a run toward $170+, or will sellers step back in?
Letโs break down the trade ๐
๐ Market Overview
๐ Current Price: $163.95 (+2.04%)
๐ 24h High: $165.26
โ๏ธ 24h Low: $157.23
๐ Parabolic SAR: Forming support above $162
๐ MACD Momentum:
MA(7): 163.18
MA(25): 161.55
MA(99): 162.31
(Short-term MAs are bullishly alignedโmomentum favoring the upside)
๐SOL Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (IfSOL Holds Above $162.00):
Entry: Above $164.00
Targets: $168.50, $172.00, $176.00
Stop-Loss: $160.50
๐น Bearish Scenario (If SOL Breaks Below $160.50):
Entry: Below $160.50
Targets: $157.00, $155.00, $151.50
Stop-Loss: $164.00
๐ Should You Hold or Sell?
โ Strong volume: 3.39M SOL / $547.21M USDT
โ Price holding above 7, 25 & 99 MAs = short-term bullish structure
โ ๏ธ Watch $165.50โ$168.50 for potential resistance zone
๐ก Pro Tip:
๐ A confirmed breakout above $168.50 could trigger a run to $176+
โ ๏ธ Failure to hold $160.50 may drag SOL back to the $155 range quickly
๐ข Whatโs your strategyโloading up or locking gains? Letโs chat in the comments!
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