๐ $SOL /USDT Analysis
Trend: The RSI value of 30.11 indicates that the coin is currently in the oversold territory, suggesting a bearish trend. ๐ The Stochastic Oscillator also supports this with low values (K: 19.09, D: 21.70, J: 13.87).
Support and Resistance Levels:
- Strong Support: 155.38 (24-hour low)
- Strong Resistance: 170.28 (24-hour high)
Trade Setups:
1. 2% Profit:
- Short: Enter at 158.90
- Take Profit: 155.72
- Stop-Loss: 160.69
2. 3% Profit:
- Short: Enter at 158.90
- Take Profit: 154.13
- Stop-Loss: 161.45
3. 5% Profit:
- Short: Enter at 158.90
- Take Profit: 151.96
- Stop-loss: 163.85
Risk Management: Adjust the stop-loss levels to minimize potential losses and manage risk effectively.
Happy Trading ๐
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