$SOL /USDT Trading Signal - Key Levels to Watch
Market Overview: Current price: $190.04
Timeframe: 4-hour chart
Recent trend shows consolidation after a significant downtrend, indicating potential for breakout in either direction.
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Long Trade Setup:
Entry Zone: $192 - $195
Targets:
Target 1: $205
Target 2: $215
Target 3: $225
Stop Loss: $185 (Below recent support zone)
Observation: A bullish breakout above $195 could trigger a recovery towards $205 and beyond, supported by market consolidation patterns.
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Short Trade Setup:
Entry Zone: $188 - $185
Targets:
Target 1: $175
Target 2: $165
Stop Loss: $195 (Above recent resistance)
Observation: A break below $185 could confirm a continuation of the bearish trend, targeting lower support levels near $175 and $165.
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Market Prediction:
A breakout above $195 may signal a bullish reversal, while a breakdown below $185 could resume the bearish momentum.
Monitor volume and market sentiment for confirmation.
Trading Advice:
Use proper risk management (allocate only a portion of your portfolio to each trade).
Secure partial profits at intermediate targets to minimize risk.