$SOL
/USDT SHORT TRADE SETUP
$SOL is trading at 132.59, showing significant selling pressure after struggling to break above the long-term moving average (MA(99)) resistance. The price is currently below the MA(7) at 132.75 and the MA(99) at 133.76, with the MA(25) at 132.71 acting as immediate resistance. This MA alignment suggests the momentum is leaning bearish, targeting the recent swing low.
Target Points
We are targeting a move toward the recent swing low and the 24-hour low:
TP1: 132.00 (Minor psychological support)
TP2: 131.64 (Re-test of the 24h Low and recent swing low)
TP3: 131.00 (Extension target)
Stop Loss
Set stop loss above the key resistance cluster formed by the MAs and the recent high to limit upside risk.
Stop Loss: 133.00
Sell and Trade here on $SOL
