$SOL Short-Term Analysis – Supply Rejection in Play
Asset: Solana (SOL)
Chart: Market Cap (SOL)
Timeframe: 5 Minutes
Market Type: Crypto
🔍 What Happened on the Chart?
1️⃣ Strong Rally → Entry into Supply Zone
SOL market cap showed a sharp impulsive move upward, followed by price entering a clear supply / resistance zone (highlighted in red).
This zone previously acted as selling pressure.
2️⃣ Clear Rejection From Supply
Inside the supply area:
Price failed to continue higher
Multiple small candles showed hesitation
Sellers stepped in aggressively
This resulted in a strong bearish move, confirming supply dominance.
3️⃣ Breakdown & Momentum Shift
After rejection:
Structure shifted bearish on the lower timeframe
Strong bearish candles formed
Price moved cleanly toward the next demand area
This confirms short-term bearish momentum.
🧠 SOL Bias – What’s Next?
🔴 Bearish Scenario (More Likely Right Now)
As long as price stays below the supply zone
Any pullback into the zone can act as short-selling opportunity
Further downside or consolidation is possible
🟢 Bullish Scenario (Only If Confirmed)
SOL must reclaim and hold above the supply zone
Strong bullish close + volume required
Without this, bullish continuation is weak
⚠️ Important Trading Notes
✔ Trade with confirmation, not prediction
✔ Respect supply & demand zones
✔ Avoid chasing after impulsive moves
✔ Risk management is mandatory
Patience = consistency.
📢 Final Thoughts
This was a textbook supply rejection trade setup.
Price respected structure, and sellers controlled momentum after rejection.
If you wait for clean zones + confirmation, probability improves significantly.
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