$SOL has rallied straight into an area where I'd rather be cautious than bullish.
The recent bounce looks more like a relief move into resistance than the start of a sustained uptrend. Price is now sitting beneath a key supply zone, and this is exactly where sellers have stepped in before.
If SOL struggles to push through this region, a move back toward the low-$60s becomes a realistic scenario.
My plan:
• Looking for shorts around current levels
• Invalidation above $75
• Downside target around $62
The reward-to-risk is attractive here, but the market still needs to confirm the rejection first.
#sol #crypto #solana
The recent bounce looks more like a relief move into resistance than the start of a sustained uptrend. Price is now sitting beneath a key supply zone, and this is exactly where sellers have stepped in before.
If SOL struggles to push through this region, a move back toward the low-$60s becomes a realistic scenario.
My plan:
• Looking for shorts around current levels
• Invalidation above $75
• Downside target around $62
The reward-to-risk is attractive here, but the market still needs to confirm the rejection first.
#sol #crypto #solana