🚨 $SOL /USDT ALERT: CRITICAL SUPPORT TESTING - BREAKOUT OR BREAKDOWN INCOMING! 🚨
The $SOL /USDT pair on the 4-hour chart is testing crucial support at $161 after a recent pullback from the upper trendline around $180. This level marks a potential make-or-break moment, where the coin could either hold steady or fall toward lower levels, setting up trading opportunities.
📈 Short-Term Strategy:
• Long Entry: If SOL holds above $161, look for a potential rebound with an initial target of $170.
• Stop Loss: Place it slightly below $157 to manage downside risk.
📉 Short Position: If SOL fails to sustain $161, a drop to $150 may be expected.
• Stop Loss: Place it above $165 to guard against a reversal.
📊 Long-Term Perspective:
• Upside Target: If $SOL breaks above $180 resistance, expect a possible rally toward $200.
• Downside Risk: A breakdown below $150 could lead to further declines toward $130.
The market is at a tipping point – keep an eye on the $161 level for cues on SOL’s next big move!
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