$SOL Rejected From Intraday High — Relief Bounce Weakening
Trade Signal (Day Trade — Short Setup):
Sell Range: 134.8–135.8
TP1: 132.6
TP2: 130.4
TP3: 127.8
SL: 137.2
Leverage: 20–50x (risk 1–2%)
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SOLUSDT
Perp
130.88
-0.42%
Why This Trade:
On the lower timeframe, $SOL pushed from 127.5 to 136.3, but the rebound is now showing clear exhaustion. Price failed to hold above 135+, and momentum is slowing near resistance. On the higher timeframe, $SOL remains under major bearish pressure with the broader structure still pointing down. This bounce looks corrective, not a full trend reversal. As long as price stays below 137, sellers remain in control. If you missed the earlier move, you can still look for short entries with proper risk management instead of chasing.