🔍 $SOL Trading Setup — Watching for a Potential Short Opportunity
Current Price: ~$68.8
📉 Bearish Scenario If $SOL retests the $70.1–$71.3 resistance zone and shows clear rejection (weak bullish momentum, lower highs, or increased selling volume), a short setup may develop.
🎯 Targets: • TP1: $67.9
• TP2: $66.0
• TP3: $65.5
🛑 Risk Level: A sustained move above $72.3 could weaken the bearish outlook and invalidate the setup.
📊 Market View On the 1H timeframe, sellers remain in control while price trades below key resistance. However, confirmation is essential—entering before rejection signals appear increases risk.
⚠️ This is a trade idea, not a guarantee. Market conditions can change quickly, so proper risk management remains critical.
#SOL #Solana #TechnicalAnalysis #BinanceSquare
Current Price: ~$68.8
📉 Bearish Scenario If $SOL retests the $70.1–$71.3 resistance zone and shows clear rejection (weak bullish momentum, lower highs, or increased selling volume), a short setup may develop.
🎯 Targets: • TP1: $67.9
• TP2: $66.0
• TP3: $65.5
🛑 Risk Level: A sustained move above $72.3 could weaken the bearish outlook and invalidate the setup.
📊 Market View On the 1H timeframe, sellers remain in control while price trades below key resistance. However, confirmation is essential—entering before rejection signals appear increases risk.
⚠️ This is a trade idea, not a guarantee. Market conditions can change quickly, so proper risk management remains critical.
#SOL #Solana #TechnicalAnalysis #BinanceSquare