$SOL /USDT Technical Analysis

Current Price: $242.09

Trend: Bullish

Pattern: Bullish Flag

Short-term Outlook: The SOL/USDT pair is currently in a bullish trend, forming a bullish flag pattern on the 4-hour chart. This pattern suggests a potential continuation of the uptrend after a brief consolidation phase.

Trade Ideas:

Long Entry: $235.00 - $240.00

Long Target: $260.00 - $280.00

Long Stop Loss: $220.00

Leverage: Use leverage cautiously, considering a leverage of 2x to 5x for experienced traders.

Risk Management: Always use a stop-loss order to limit potential losses.

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Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please do your own research before making any investment decisions.