$SOL
Trade Setup (Short)
Entry zone: 132.50 – 134.00 (current retest of broken support)
Take Profit 1: 125.00
Take Profit 2: 118.00 – 120.00 (next major demand zone)
Take Profit 3: 108.00 (measured move target)
Stop Loss: 138.50 (above the right shoulder / recent swing high)
Risk/Reward on final TP: ~1 : 6+
Solana just broke the neckline of a massive multi-week head-and-shoulders topping pattern and sliced through the 200 EMA like butter. The 15m-1h cascade has zero signs of exhaustion: volume spiked on the breakdown, MACD is diving, and the DIF/DEA spread is widening hard to the downside. This is not a dip; this is the start of the next leg lower. Bears are in driver seat and momentum is vicious.
Short-Term Outlook
Momentum: Strongly bearish, accelerating
Trend: Bearish reversal confirmed, lower highs/lower lows in play
Key levels to watch:
- Resistance: 138.50 – 140.00
- Support: 125.00 → 120.00 → 108.00
