🚨 $SOL /USDT EYEING A KEY BREAKOUT OR BREAKDOWN – BE READY! 🚨
$SOL /USDT has experienced considerable fluctuations, currently sitting at 168.25 USDT after a recent rebound from a low of 159.12 USDT. This level could be pivotal as it approaches strong resistance around 172.91 USDT. Bulls and bears are locked in a tight battle, with the potential for a strong move depending on which side gives in.
💡 Entry Strategy 💡
Long Entry: If $SOL successfully breaks above 172.91 USDT, look for an entry around 173.00 USDT, with upside targets at 177.60 USDT, 180.31 USDT, and a further extension to 185.00 USDT. Set a stop loss at 170.00 USDT to safeguard against a sudden pullback.
Short Entry: A rejection from 172.91 USDT or a failure to hold above 168.00 USDT could lead to a downside move. Enter around 167.50 USDT with targets at 165.51 USDT, 162.00 USDT, and a potential drop to 159.12 USDT. A stop loss at 170.00 USDT would manage risk.
This market setup indicates that SOL is at a crossroad. Watch for a breakout or a breakdown to confirm the next move, as both scenarios promise substantial opportunities for traders.
