$SOL
SOL
234.65
+5.24%
Solana is showing significant weakness after repeatedly failing to break a critical resistance zone between $228.95 and $229.32. This rejection indicates strong selling pressure and a high probability of a short-term pullback. ๐
๐ Key Levels to Watch:
Resistance: $228.95 - $229.32 (The Ceiling)
Entry Zone (Short): $227.50 - $228.80
Take-Profit Targets:
๐ฏ $224.50
๐ฏ $222.95
๐ฏ $221.35
Stop Loss: โ $230.50 (Strictly Adhere!)
๐ Trade Setup:
If the price remains below the $229 mark, a downside move is very likely. This presents a potential short opportunity with a clear risk-to-reward ratio. Remember to manage your position size carefully and take partial profits at each target.
๐ข Conclusion:
The bears are in control as long as $SOL stays under $229. Trade with caution and always use a stop loss! ๐ก๏ธ
Please DYOR (Do Your Own Research) and trade responsibly. This is not financial advice. ๐
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