$SOL /USDT – Bearish Reversal After Sharp Spike Rejection
SOL/USDT printed a strong impulsive move toward $144.93, but the rejection wick and subsequent lower highs confirm bearish reversal pressure on the 1H timeframe. Buyers lost momentum quickly, and price is now consolidating below $140, indicating a potential continuation to the downside.
Trade Setup (Short)
Entry Range: $138 – $140
Target 1: $135
Target 2: $131.50
Target 3: $128.00
Stop Loss (SL): $142.50
Long Outlook
A bullish recovery only becomes valid if SOL breaks and closes above $142.50. Until then, the structure favors sellers.
