$SOL
Guys, price is approaching a key resistance zone and momentum is starting to fade… this looks like a potential breakdown setup 👀
$SOL — SHORT 🚨
Entry: 174 – 178
Stop Loss: 182
Targets:
TP1: 168
TP2: 162
TP3: 155
TP4: 148
View:
Price is currently rejecting around a key resistance level after a strong push upward. Momentum is weakening, with structure showing lower highs and rejection wicks, indicating seller activity increasing. The recent move lacks follow-through and is starting to show signs of exhaustion, suggesting a potential shift in direction.
If price breaks below support and fails to reclaim the zone, it can trigger a move toward the targets as liquidity gets taken from below. Manage risk properly and wait for confirmation before entering the trade.