$SOL /USDT short tread single ๐ด๐ฆ
BEARISH BREAKDOWN IN PROGRESS โ WATCH FOR A RETEST DUMP!
Solana is trading at $152.45, down -2.81%, after failing to hold above the $154.76โ$154.92 resistance zone. Price sharply rejected and formed lower highs with consistent sell pressure. A brief support was seen near $151.75, but the recovery candles are weak, suggesting continuation of the downtrend.
๐ป Trade Setup (Short):
Entry Price: $152.90 โ $154.00
Target 1: $150.20
Target 2: $147.50
Stop Loss: $155.20
โ Why Short?
The recent bounce was weak and failed to reclaim key resistance levels. Bearish engulfing patterns and lower highs dominate the 15m chart. If price retests $153โ$154 and fails again, the next leg down could test psychological and historical support near $150.
๐ Risk Management Tip:
Only risk 2โ3% of your capital with a tight stop above $155.20. Avoid chasing price once it breaks support โ enter during pullbacks.
Donโt let this breakdown unfold without you โ short with strategy, profit with confidence!
Sell smart โ donโt chase green candles when the trend is turning red!
buy and trade here on $SOL