Analysis and Recommendations
$SOL /USDT - Strong Upward Momentum
Current Price: $186.34
Time Frame: One Hour
Support Level: $173.43
Resistance Level: $186.68
Entry Area: $185 - $186
Trading Targets:
• First Profit Target: $187.00
• Second Profit Target: $188.50
• Third Profit Target: $190.00 (final target)
Stop Loss: Less than $175
Trading Settings:
The price of SOL shows strong upward momentum, having bounced from the support level of $173.43, heading towards the resistance level of $186.68. If the price breaks above $186.68, we can expect a continuation towards $190. Look for an entry point between $185 and $186.
Key Notes:
Strong Support: The level of $173.43 holds as a solid support level.
Resistance Break: A clear break above $186.68 will trigger more upward movement.
Continuation of the Uptrend: With increasing momentum, achieving targets above $187 is very likely.
Action:
We advise entering in the range of $185-$186, with a stop loss below $175. Target $187, $188.50, and $190.
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