šŸš€ $SOL /USDT Trading Signal ā€“ Retracing from Highs

Current Price: $268.07 (+8.50%)

Solana ($SOL ) has experienced strong momentum, reaching a 24H High of $295.83 before retracing to its current level. The price is holding above the EMA(25): $264.96, suggesting potential consolidation or a reversal.

šŸ“‰ Short Entry Signal:

If the price breaks below $264.00, a short trade could be an opportunity.

Entry Range: $263.50 - $264.00

Target 1: $255.00

Target 2: $245.00

Stop Loss: $270.00

šŸ“ˆ Long Entry Signal:

If the price sustains above $272.00, a bullish continuation is likely.

Entry Range: $272.00 - $275.00

Target 1: $285.00

Target 2: $295.00

Stop Loss: $265.00

šŸ”Ž Market Observations:

$SOL remains above all key EMAs (EMA(7): $272.10, EMA(25): $264.96, EMA(99): $234.76), signaling ongoing bullish sentiment despite the retracement.

Support is strong at $264.00, while immediate resistance lies near $272.00.

A breakout above $295.00 could push SOL toward higher highs.

Manage trades with tight stop losses in this highly volatile range. Monitor for signs of consolidation before entering positions.

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