📉 Solana ($SOL ) Technical Analysis: Short Opportunity
The intraday structure for SOLUSDT is currently showing signs of exhaustion. After a strong rejection at the 86.70 resistance zone, the price has begun carving out a series of lower highs, indicating that the bulls are losing their grip. Momentum is fading, and with the price struggling to stay above the 85.50 pivot, the path of least resistance appears to be down.
🔍 Trade Setup: Short SOL
If we see a clean break and hold below the 84.50 support level, it could trigger a liquidation cascade toward recent demand zones.
Entry Zone: 85.20 – 84.80
Stop Loss: 86.20
Take Profit 1: 83.70
Take Profit 2: 82.90
Estimated ROI: Potential for 100% to 500% (depending on leverage)
📊 Market Context
Resistance: 86.70 remains the major "line in the sand." As long as SOL stays below this, the bearish bias holds.
Support: 84.50 is the immediate floor. A breach here confirms the bearish continuation.
Sentiment: Weak intraday momentum with a breakdown of short-term moving averages.
⚠️ Risk Disclaimer: Crypto markets are highly volatile. This analysis is for educational purposes only. Always use proper risk management and Do Your Own Research (DYOR) before entering any trade.