$SOL just printed a textbook bearish rejection after tagging the 136.35 level—price surged into prior supply with a sharp wick and immediate selloff, forming a clean lower high setup…
This bounce appears overextended with weakening momentum RSI showing early signs of divergence while volume fades on the push up…
SOL has now re-entered the previous range between 138.00 and 130.00 after bulls failed to hold the breakout, confirming a potential fakeout trap…
If 134.20 fails to hold, expect a fast move down into 130.50 liquidity, with potential for further downside if market sentiment weakens…
Trade Setup (Short)
Entry Range: 135.50 – 136.00
Target 1: 134.20
Target 2: 132.00
Target 3: 130.50
Stop Loss: 138.60
SOLUSDT
Perp
134.91
-0.66%
