$SOL Trading Plan (SHORT) 📉
$SOL has failed to hold above the 74.27 resistance after sweeping buy-side liquidity, showing signs of a potential deviation and rejection from key supply.
🔹 Entry Zone: 73.08 – 73.98
🔹 Stop Loss: 75.15
🎯 Targets:
• TP1: 72.50
• TP2: 70.50
• TP3: 67.00
Price action suggests a liquidity sweep above 74.27 followed by rejection, indicating possible distribution into the spike rather than sustained breakout strength. The expanding 1H Bollinger Bands point to an exhaustion-style move that may revert back into range.
Positioning data shows retail heavily long (2.56 L/S ratio), increasing vulnerability to a downside flush if momentum continues lower. Rising funding adds additional pressure on overextended longs.
Invalidation above 75.15, where the bearish structure would be broken.