$SOL Rejected From Key Resistance — Bearish Continuation Setup 🔻
Short Trade Signal (Day Trade):
Sell Zone: 133.80 – 135.20
TP1: 131.20
TP2: 128.90
TP3: 125.80
SL: 138.20
Leverage: 20–40x (risk 1–2%)
Open Trade in Future👇🏻
Spot Traders: Avoid fresh spot entries at current levels. Better accumulation zones are near 129 – 126, where stronger daily demand is visible.
Why This Trade:
On the 1H chart, $SOL attempted to recover after the sharp drop from 140, but price failed to reclaim the EMA cluster around 134–135. The consolidation near 132–133 is weak and happening below resistance, which usually signals distribution, not strength. Volume during the bounce is declining, showing buyers lack conviction.
On the 1D chart, the broader trend remains clearly bearish. Solana is still printing lower highs and trading well below major moving averages. The previous rejection near 171 confirms that the macro structure is under pressure, and the recent bounce from 121 is corrective rather than trend-reversing.
From a fundamental and sentiment angle, altcoin sentiment remains fragile as liquidity stays cautious and follows BTC’s weakness. SOL-related hype has cooled, and without a strong catalyst, rallies are being sold into. The failed push above 140 likely trapped late longs, increasing downside risk.
Support Zones:
131.00 – 130.20 → intraday support
129.00 – 128.50 → strong support
126.00 – 125.00 → major demand zone
Resistance Zones:
133.80 – 135.20 → immediate resistance
137.50 – 138.20 → major rejection zone
Pullback Zones Before Next Drop:
If $SOL pulls back upward, sellers are expected to step in at:
133.80 – 135.20 → primary short pullback zone
137.50 – 138.20 → strong sell zone if reached
As long as Solana remains below 138, the bias stays short, not long.
Trade with patience and strict risk management.
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