*$SOL
USDT BULLISH SETUP ALERT! 🚀📈*
Hey traders! 👋 Let's dive into the technical analysis of $SOL USDT. The chart is looking 🔥, and we're expecting a continued bullish move! 📈
*Current Price:* 185.96
*Key Levels:*
- Support: 176.90 (strong support level, previously tested)
- Resistance: 186.43 (current resistance level, likely to be broken)
The chart is showing a clear uptrend, with a series of higher highs and higher lows. The price has bounced off the 176.90 support level and is now testing the 186.43 resistance level. 📊
*Trade Setup:*
- *Long Entry:* 186.50 (above current resistance level)
- *TP (Targets):*
1. 190.00 🎯
2. 195.00 🚀
- *SL (Stop Loss):* 180.00 ❗️ (below recent swing low)
We're expecting the price to break above the current resistance level and continue its upward trend. If you're looking to go long, wait for a confirmed break above 186.50 and set your stop loss at 180.00. 📈
*Risk Management:*
Always trade with a clear risk management strategy in place! 📝 Keep your position size small, and never risk more than 2-3% of your account balance on a single trade. 💸
Stay tuned for updates, and happy trading! 📊👍
Disclaimer: This analysis is for educational purposes only and should not be considered as investment advice. Always do your own research and consult with a financial advisor before making any trading decisions.
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