š $SOL /USDT Market Update and Short-Term Trading Analysis ā November 2024 š
Current Price: $243.13 (+1.82%)
Market Sentiment: Bullish momentum with resistance approaching.
Technical Overview:
24h High/Low: $247.50 / $234.26
Volume:
SOL: 6.14M
USDT: $1.48B
Key Levels:
Resistance: $247.50 (Recent high)
Support: $234.26 (Daily low)
Indicators suggest strong buying interest near $234 but caution near the resistance at $247.50, where profit-taking may occur.
Trading Strategy ā Long Opportunity:
If SOL sustains above $240, it could retest recent highs. Consider these 3 target levels:
1. Target 1: $248.00 (Immediate resistance)
2. Target 2: $253.00 (Next psychological resistance)
3. Target 3: $260.00 (Extended bullish breakout)
Stop-Loss: $235.00 to protect against downside risks.
Risk Note: Sudden market shifts could test support at $234.26 or below. Use caution and proper risk management.
Disclaimer: This is not financial advice. Make decisions based on your strategy and research.
