$SOL BUILDING PRESSURE – BREAKOUT IMMINENT OR FAKEOUT AHEAD?
fulldeg
Updated at: 9 hours ago
{"content":"$SOL BUILDING PRESSURE – BREAKOUT IMMINENT OR FAKEOUT AHEAD?
$SOL/USDT is trading at $172.73, with bulls and bears battling at a narrow decision zone. After a bounce off the $170.00 support, the price is now consolidating below minor resistance—setting up for either a fresh leg higher or another dip.
Key Levels to Watch:
Resistance:
• $172.90 – Immediate ceiling from the last high
• Breakout above this zone could open the door to:
TP1: $174.00
TP2: $176.50
Support:
• $172.00 – Near-term support floor
• $170.00 – Stronger structural level; a break below this might lead to:
TP1: $168.40
TP2: $166.70
Trade Setup – High Stakes in a Tight Zone
Bullish Entry:
• Entry after a confirmed break above $172.90
• Targets:
• TP1: $174.00
• TP2: $176.50
• Stop-Loss: Below $172.00
Bearish Entry:
• If price slips below $170.00, downside could accelerate toward:
• TP1: $168.40
• TP2: $166.70
• Stop-Loss: Above $172.90 to limit reversal risk
$SOL is on the verge of breaking out—but it’s not there yet. Monitor closely for confirmation before jumping in. This range could lead to a swift move either way.
#CryptoRegulation
#BinancePizza
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