$SOL /USDT ā BEARISH RETEST AFTER FAILED BREAK ABOVE RESISTANCE š
SOL has faced a clear rejection from the 139ā145 resistance zone, followed by a steady decline toward 133ā130 support. The failure to sustain higher levels indicates short-term bearish momentum, and if price breaks below the 130 support, further downside pressure is likely before buyers attempt a recovery.
š Trade Setup (SHORT)
Entry: 134 ā 136
Stop Loss (SL): 142
Targets (TP):
TP1: 130
TP2: 126
TP3: 121
š Market Outlook
While the higher-timeframe structure for SOL remains constructive, the near-term outlook favors a corrective phase. Strong demand is expected around 128ā125, which could act as a base for the next bullish leg if overall market sentiment improves.
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SOL
127.58
+0.40%