SOLUSDT: Preparing for a Breakout? Key Levels to Watch!
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Current Trend: #SOL is in a downtrend but is now testing a strong support zone, indicating a potential reversal.
Technical Outlook: 🔹 Support Zone: $158(Strong demand area) 🔹 Resistance Level: $175 (Breakout confirmation level) 🔹 4H Timeframe Analysis: #SOL is currently making a correction, and a breakout above the resistance level could trigger a strong bullish move.
Trading Plan: 🔹 Bullish Scenario: If #SOL breaks above the resistance, it could push toward new higher highs, targeting $270 and beyond. 🔹 Bearish Scenario: If it fails to break resistance, we may see another pullback to retest lower levels.
Key Insights: 🔹 #SOL remains a strong project with the potential to break its ATH in the long run. 🔹 Waiting for a clean breakout ensures we enter with proper risk management.
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