$SOL / USDT – Testing Resistance After Recent Climb🧐

$SOL is currently trading at $174.72, showing a slight pullback after testing the recent high of $177.58. The price is now hovering below this resistance, suggesting a potential consolidation phase or another attempt to break higher.

Trade Setup (Watching Resistance):

Potential Resistance: $177.00 - $178.00

Potential Support: $172.00 - $173.00

Bullish Scenario:

Entry (Long): Break above $178.00 with strong volume

Target 1: $180.00

Target 2: $182.50

Stop Loss (Long): Below $175.00

Bearish Scenario:

Entry (Short): Break below $172.00 with increasing volume

Target 1: $170.00

Target 2: $168.00

Stop Loss (Short): Above $175.00

Currently, SOL appears to be at a decision point. Monitoring price action around the $177-$178 resistance zone will be crucial to determine the next likely move. Increased volume on a break will add conviction to the trade.

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