$SOL got rejected again from the $91–$92 area, and it’s starting to look like a strong ceiling now. Every time price pushes into this zone, sellers step in fast and push it back down. You can also see lower highs forming, which shows the strength is fading on the upside.
Right now, the pressure is clearly on the downside. Buyers are trying, but they’re not able to break through this resistance.
Trade Plan (Short):
Entry: $87 – $89
SL: $92.5
TP1: $86
TP2: $84.50
TP3: $83
As long as price stays below $92, the bearish bias is still valid. Multiple rejections from the same level usually mean more downside is likely, and for now, sellers are in control.
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SOL
85.82
+0.62%