$SOL tirding signal đš
Based on the SOL/USDT chart:
Current Price: $166.91, with a 24-hour high of $169.40 and low of $160.99.
Moving Averages: The price is fluctuating near the MA(25) ($166.56) and slightly above the MA(99) ($166.31), suggesting a potential consolidation phase.
Support Level: $163.53 appears to be a strong support, given the recent bounce from this level.
Resistance Level: Near-term resistance is around $169.40, the recent high.
Long Entry: Enter above $169.50 for a potential breakout, targeting $175.
Short Entry: Consider shorting below $163.50, aiming for a drop towards $160.
Stop Loss: Place a stop loss at $170 for long positions and $166 for short positions to manage risk.
This analysis is suitable for short-term trades given the 15-minute timeframe.
