🚨 $SOL /USDT ON THE EDGE OF A BREAKOUT – WILL BULLS MAINTAIN CONTROL? 🚨
$SOL /USDT is currently trading at 173.40 USDT, up by 3.40% within the last 24 hours, showing strong momentum as it approaches a critical resistance zone. The price has bounced back from a low of 167.23 USDT, indicating potential for further gains if key levels are breached.
🔍 Key Levels to Watch:
Resistance: 173.52 USDT – This is the immediate resistance level. A breakout above here could push SOL toward the 175.00 USDT mark, sparking more buying interest.
Support: 168.96 USDT – Maintaining above this support zone is crucial for sustaining the upward trend. A drop below could trigger a retest of 163.68 USDT.
📈 Entry Strategy:
Short-Term Long Entry: Enter near 173.40 USDT with a target of 175.00 USDT for a quick gain. Place a stop loss at 172.00 USDT to manage risk.
Long-Term Long Entry: Consider entering around 170.00 USDT if SOL pulls back, targeting a move toward 178.00 USDT. Use a stop loss at 168.00 USDT.
⚠️ Short Position (if resistance holds):
If SOL struggles at 173.52 USDT, a short position around 173.00 USDT with a target of 170.00 USDT could capitalize on a potential pullback. Set a stop loss above 174.00 USDT for protection.
/USDT is approaching a high-alert zone – stay vigilant, as the next move could be decisive!
