đ¨ $SOL /USDT Testing Key Levels â Is a Big Move Imminent? đ¨
SOL/USDT is currently trading at $166.96, showing consolidation after a strong rally from the lows of $148. On the 4-hour chart, the price has entered a critical phase where both support and resistance are closely contested, signaling potential volatility ahead.
đĄ Critical Levels to Watch:
⢠Immediate Resistance: $170.99 â A breakout above this level could trigger a bullish run, potentially pushing SOL toward $180 in the short term.
⢠Key Support: $162.99 â Holding this support is vital; a breakdown here could see SOL revisiting the $160 zone or even lower.
đ Long-Term Entry Strategy:
⢠Buy Entry: Above $171 with a target of $180 and a Stop Loss at $165.
⢠Sell/Short Entry: Below $162 aiming for $158, with a Stop Loss at $168.
đ Short-Term Entry Strategy:
⢠Buy Entry: On a bounce from $164, targeting $169, with a Stop Loss at $162.
⢠Sell/Short Entry: If rejection occurs near $169, short toward $162, setting a Stop Loss at $172.
With SOL/USDT stuck between these crucial zones, traders should be cautious and prepare for a strong move in either direction!
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