$SOL — Sellers have driven an impulsive downside on the 4H after rejecting at the supply zone near $127, with buyers failing to absorb pressure and showing limited defense near $122.
Bias: Short $SOL
Trade Setup
Entry: 122.50 – 123.50
Stop Loss: 126.00
TP1: 120.00
TP2: 117.50
TP3: 114.00
Market Insight
Price is reacting at the current level on the 4H following rejection from the supply zone near recent highs and liquidity sweep above prior structure. The downside has been impulsive, with sellers in control and limited buyer absorption evident in rejection candles, negative momentum shift, and formation of lower highs.
The setup offers favorable risk-to-reward targeting prior demand zones and measured extensions. It invalidates on acceptance above $126.00, which would signal demand absorption and reversal of the structure break.
Watching how price reacts at this level, execution matters.
Levels based on structure and momentum, not prediction.
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