๐จ $SOL /USDT UNDER PRESSURE โ CRITICAL LEVELS IN FOCUS FOR THE NEXT MOVE ๐จ
The $SOL /USDT chart is displaying a notable pullback, currently trading at $173.62, down by 1.65%. The key zones for traders to monitor are the 24h high of $179.30 and the 24h low of $170.66, as they define the immediate resistance and support boundaries.
๐ก Key Levels to Watch:
Resistance: $176.56 USDT โ This level is crucial for bulls to break through in order to reverse the downward momentum. A clean breakout can signal a move towards $179.30 and beyond.
Support: $170.66 USDT โ A failure to hold this zone could lead to a further drop toward $170.22 or lower, potentially triggering bearish sentiment.
๐ Entry Strategy:
Long Entry: Look for a bounce from the support at $170.66 with a target of $176.56. Consider placing a stop loss at $170.00 to minimize risk.
Short Entry: If the price fails to break $176.56, consider shorting with a target of $170.66, placing a stop loss at $177.50.
โ ๏ธ Risk Management: Stick to tight stop losses as volatility in $SOL can lead to sharp price swings, especially around these critical zones.
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