$SOL /USDT — Major Breakdown, Bearish Continuation Risk ⚠️
SOL is trading below key structure after forming a massive double top near 260 and losing the multi-month support trendline on the daily chart. The breakdown confirms trend reversal, with sellers firmly in control and momentum remaining bearish.
Resistance Zone: 120 – 140
Support Levels: 95 → 65
Extreme Breakdown Target: ~25 (pattern projection)
Bias remains bearish below broken support. Any bounce looks corrective, not a reversal. Trying to long here is high risk — classic falling knife conditions. A strong reclaim above major resistance would be needed to invalidate this setup.
Risk management > dip buying.
Stay cautious.
SOL
122.99
+0.17%