$SOL Setup Alert: Bounce Capped, Bears Taking Control 🐻
The relief bounce on $SOL (Solana) is looking increasingly weak. 🛑 We are seeing a classic "capped" structure where every push higher is met with aggressive selling.
The Logic:
Fading Strength: Buyers look uncomfortable defending these levels. Pushes higher aren't holding, and momentum is quickly fading.
Heavy Supply: The order flow feels heavy, with supply pressing into every attempt at a rally.
Clean Downside: While the upside is choppy, the downside reactions are opening up much cleaner, suggesting the path of least resistance is lower.
If sellers stay active here and BTC tests lower levels (monitoring 67k), we expect a continuation to the downside. 📉
🎯 Trade Setup:
Direction: SHORT 🟥
Entry Zone: 83.8 – 86.2
🚫 Stop Loss (SL): 91.0
✅ Take Profit 1: 80.5
✅ Take Profit 2: 76.0
✅ Take Profit 3: 71.5
Manage your risk carefully! The trend is your friend until it bends. 🛡️
#SOL #Solana #cryptotrading #BearishSetup #BinanceSquare #TradingSignals
Trade $SOL here 👇
