SOL/USDT Trading Insight – May 20, 2025
Platform: Binance
Pair: SOL/USDT
Chart Interval: 1-Hour
Trade Idea: Long Position (Buy)
Suggested Entry Range: $160 to $165
Profit Targets:
Target 1: $170
Target 2: $175
Stop-Loss Level: $155
Market Outlook: Transitioning from Neutral to Bullish
Technical Overview:
RSI: Around 62, indicating moderate strength with some cooling
MACD: Showing signs of weakening momentum
Key Support: Solid base between $156 and $158
Resistance Levels: Near-term pressure around $164–$170; a decisive break above $170 could trigger further upside movement