๐ด Solana /USDT โ Active Short Setup ๐
$SOL is approaching a potential rejection zone after recent bullish movement, with sellers looking to regain control in the short term.
The current structure suggests a pullback is likely if the price fails to hold above resistance.
๐ Trading Plan (Short Bias)
๐ Entry Zone: $95.02 โ $95.32
๐ Stop Loss: $96.61
๐ฏ Targets
โข TP1: $94.09
โข TP2: $93.37
โข TP3: $92.29
๐ฅ The setup favors a continued bearish trend if resistance holds and momentum weakens near the entry zone.
โ ๏ธ Keep an eye on:
โ Rejection candles near resistance
โ Weakening bullish momentum
โ Volume confirmation on breakdowns
๐ก Avoid jumping in too early โ confirmation around the entry zone greatly improves risk-to-reward ratio.
๐ Trade the rejection, and manage your risk โ Short $SOL
$SOL is approaching a potential rejection zone after recent bullish movement, with sellers looking to regain control in the short term.
The current structure suggests a pullback is likely if the price fails to hold above resistance.
๐ Trading Plan (Short Bias)
๐ Entry Zone: $95.02 โ $95.32
๐ Stop Loss: $96.61
๐ฏ Targets
โข TP1: $94.09
โข TP2: $93.37
โข TP3: $92.29
๐ฅ The setup favors a continued bearish trend if resistance holds and momentum weakens near the entry zone.
โ ๏ธ Keep an eye on:
โ Rejection candles near resistance
โ Weakening bullish momentum
โ Volume confirmation on breakdowns
๐ก Avoid jumping in too early โ confirmation around the entry zone greatly improves risk-to-reward ratio.
๐ Trade the rejection, and manage your risk โ Short $SOL