Analysis #SOL : Should you buy or sell?
With $SOL hovering around $135-136, it is just below key resistance levels, which could dictate the next move.
Let's break it down to help you decide whether you should buy or sell.
**Strategy**
Long Position:
If SOL breaks above $136.37, a long position could be opened with the target around $140-144 if the bullish momentum continues.
Stop-Loss: Place it around $132 to limit the risk in case the price reverses.
Short Position:
If SOL fails to break above $136.37 and shows rejection, consider a short position with targets at $132.32 and $128.60.
Stop-Loss: Around $137-138, just above the key resistance, to minimize losses if the trade goes against you.
**Conclusion**
- Go long if SOL breaks above $136.37, with targets at $140-$144.
- Go short if SOL is rejected at $136, with targets at $132.32 and $128.60.
Keep a close eye on the price near these key levels and trade accordingly!