Here’s the $SOL USDT (Perp) trade setup from your snapshot 👇

📊 Market Snapshot

Last Price: 216.63 USDT

Mark Price: 214.47 USDT

24h High: 217.40 (currently testing upper range)

24h Low: 201.36

24h Vol(SOL): 28.83M

24h Vol(USDT): 6.05B

Change: +4.69%

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🧾 Key Levels

Immediate Resistance:

217.40 (24h high, current ceiling)

220.00 (psychological level)

Support:

214.40 – 214.00 (mark price & breakout retest zone)

210.70 (first downside support)

207.30 – 203.90 (deeper support band)

201.36 (24h low, strong base)

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📉 Volume & MAs

Vol (310K) is well below MA(5): 1.36M and MA(10): 1.64M

➡️ Price pump is not strongly supported by fresh volume, so upside may stall unless new buyers step in.

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🔎 Interpretation

SOL is pushing into resistance (217) after a strong bounce from the 201 low.

Momentum looks bullish short-term, but volume divergence = possible fakeout risk.

If bulls fail to defend 214, retrace to 210 – 207 zone likely.

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📈 Trade Setups

🔵 Long (continuation)

Entry: Break & hold above 217.5 with rising volume

TP1: 220.0

TP2: 225.0

TP3: 231.0

SL: 213.5

🔴 Short (rejection play)

Entry: Failure near 217 → bearish engulfing or rejection wick

TP1: 214.0

TP2: 210.7

TP3: 207.3

SL: 219.5

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⚡ Summary

Bias: Bullish momentum but volume is weak → watch for rejection.

Decision Point: 217.4 zone is key → breakout = continuation, rejection = pullback.

Safer play: Wait for confirmation above 217.5 or a failed retest below 214.

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Do you want me to also map out a Fibonacci retracement from 201 → 217 to mark the ideal pullback zones (38.2%, 50%, 61.8%) for re-entry?

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