(DAILY UPDATE #02)
$SOL /USDT Short Trade Alert: Downward Bias Building 🚨
**CHART SNAPSHOT**
$SOL /USDT testing key resistance at $129.84 (blue EMA cluster) on the 5-min timeframe, with rejection wicks and red descending channel capping upside. Price trapped below $130 highs amid fading volume – classic bear trap setup
✓Why Short Now?
RESISTANCE REJECTION:
Multiple failures at $129–130, aligning with upper channel boundary.
BEARISH INDICATORS:
EMAs rolling over (orange $127 acting as magnet), SAR flipping bearish.
MOMENTUM FADE:
Volume spikes on downsides, suggesting exhaustion rally over.
Precise Trade Setup 📊
- Entry: Short below $129 or retest close (current ~$127 post-dip).
- **Stop-Loss**: $130.50 (above recent wick/high, tight 1–1.5% risk).
- **Targets**:
| Level | Price | Potential % Gain |
| TP1 | $127 | 1.5%
| TP2 | $125.15 | 3%
| TP3 | $120.21 | 6.5%
Risk/Reward: 1:3+ overall. Scale out 50% at TP1, trail rest.
Invalidation: Break/close above $130 flips bullish – bail fast.
**Market Context**: SOL holding $126 floor but broader crypto caution (BTC range-bound). Post this if price confirms downside – DYOR, NFA! 📉
#SOLUSDT #ShortTrad #cryptotrading #foryoupage #DailyTrade