$SOL : Short-Term Outlook

Current Price: $164.46 (+2.99%)

Key Levels:

- ▶️ Resistance: $165.67 (24h High)

- ▶️ Support: $160.80 (MA-7) & $160.01 (MA-99)

Action:

1. Aggressive Traders:

- Long if price breaks & holds above $165.70 (target +1-2%).

- Short on rejection at $165.67 (stop-loss $166.20).

2. Cautious Traders:

- Wait for confirmation:

- ✅ Bullish: Close > $165.70 + high volume.

- ❌ Bearish: Drop below $160.80 (MA-7).

Risk Note:

- Volatility high (24h range: $156.32-$165.67).

- Tight stop-loss advised (<1% risk).

Indicator Watch:

- MA(7) > MA(99) suggests near-term bullish bias.

- RSI/MACD not shown – monitor for divergence.

TL;DR: Trade the $165.67 breakout or $160.80 breakdown. Prioritize tight risk management in this volatile range.

(Always DYOR – Past performance ≠ future results)

#Tradersleague #MarketRebound #Binance #sol

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