📉 $SOL /USDT TRADE SIGNAL: Bearish Momentum Building
The market structure for #solana has shifted. We are observing a clear bearish trend characterized by lower highs and consistent rejection at key resistance levels. With downside pressure mounting, we are looking to capitalize on a short position.
🔑 Key Trade Levels
Direction: SHORT 🔴
Entry Zone: 123.50 – 124.80
Target 1 (TP1): 119.50
Target 2 (TP2): 117.00
Stop Loss (SL): 127.60
💡 Market Outlook & Strategy
$SOL is struggling to reclaim previous support, which has now flipped into a formidable resistance. Our strategy focuses on selling pullbacks toward the resistance zone.
Risk Management Plan: > * Keep leverage conservative.
Take partial profits at TP1 and immediately move your Stop Loss to Breakeven.
Manual Exit: If the price reclaims and closes convincingly above 125.00, the bearish thesis is invalidated.
