$SOL — Lower highs intact, bounce looks corrective

Short SOL

Entry: 122.0 – 123.0

Stop-Loss: 125.6

Targets: 120.5 → 118.9 → 116.8

On the H1 timeframe, SOL continues to print lower highs below the 123–124 resistance zone, confirming that sellers are actively defending this level. RSI remains weak and fails to regain momentum, while MACD stays negative, signaling bearish continuation rather than reversal.

Any upside movement here appears to be a temporary relief bounce, not a trend shift. As long as price stays below resistance, downside continuation toward 120.5 → 118.9 → 116.8 remains the higher-probability scenario.

Invalidation: A confirmed close above 125.6.

$SOL

SOL

138.18

+3.47%

SOLUSDT Perp