Overview of coin $SOL on |4h| TF

SOLUSDT

Perp

122.61

+0.14%

On the chart, we see that starting from 7 AM, a consolidation zone is forming in the range of $160 - $162

⤴️Long - scenario:

To confirm the trend reversal, the resistance level of $164.8 needs to be overcome.

After breaking through $164.8, the next targets will be the resistance levels corresponding to previous highs: $171, $186.5

⤵️Short - scenario:

The risks of further decline remain in the event of a break below the support level of $155.7, which could lead to testing the important psychological price level of $150. A break of the $150 level will become a significant bearish signal, and then a potential move to the range of $145 - $140 is expected.

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