Coin Insights

Based on the chart provided for $SOL /USDT on the 4-hour timeframe, here is a professional analysis:

1. The current price of SOL is $231.41, experiencing a 3.61% decline in the last 24 hours.

2. The 24-hour high and low are $240.25 and $230.17, respectively, indicating a tight range.

3. The price is showing sideways movement with slight downward pressure, reflected by the rejection near the $240 resistance.

4. For long entry, wait for a breakout above $240 with strong volume confirmation. Place a stop loss at $230 and target $250-$255.

5. For short entry, consider entering if the price drops below $230, with a stop loss at $235 and targets at $220-$215.

6. The Accumulation/Distribution indicator suggests moderate buying activity but no decisive trend.

7. Over the past 90 days, SOL has risen significantly (73.69%), so a consolidation phase might follow before the next big move.

8. Risk management is crucial given the high volatility and the current uncertain direction.

9. For intraday trades, monitor smaller timeframes for clearer confirmation of breakouts or breakdowns.

10. Overall, stay cautious and trade based on confirmed levels to avoid false moves.



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