$SOL /USDT
SIDEWAYS CONSOLIDATION: BREAKOUT IMMINENT? 🚀🔥
📊 Market Analysis:
SOL/USDT is trading at $123.22, stuck in a tight consolidation range after bouncing off the $122 support zone. Immediate resistance lies at $124, and a breakout above this level could trigger a bullish push toward $126. On the downside, key support is at $122 — a breakdown below this could open the door to further weakness toward $120.
🎯 Trade Setup:
Entry: Long at $123.22 (current price)
Target 1: $124
Target 2: $126
Stop Loss: $122
📈 Market Outlook:
SOL is consolidating within a narrow range, which usually precedes a breakout. A close above $124 would signal renewed bullish momentum, while a failure to hold $122 could lead to a deeper correction toward $120.
⚠️ Risk Management:
Maintain a tight stop and limit risk exposure to 2-3% of your portfolio to protect against volatility.
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