$SOL — Market Update
Bias: Short
Trade Setup $SOL
Entry: 128 – 130
Stop Loss: 131.5
TP1: 126
TP2: 124
TP3: 120
Market Insight:
$SOL on 4h shows bearish structure with lower highs and lower lows, rejecting the 130-132 supply zone after an impulsive decline from 146. Sellers dominate, absorbing demand at resistance, with momentum shifting downward via liquidity sweeps below prior lows; this suggests continuation rather than reversal. Idea invalidates on a close above 132, offering a favorable 1:3 risk-to-reward based on structure breaks and momentum.
Monitoring rejection at entry zone for entry, risk management key.
Levels based on structure and momentum, not prediction.