This move is developing exactly how a clean rejection should price attempted to hold above the key range but got aggressively sold, printing a sharp bearish candle that confirms seller strength. The failure to stay above the mid-range level signals distribution, not accumulation. As long as $SOL remains below the rejected zone, downside continuation remains the dominant scenario.

Trade Setup (Short):

Entry Range: 131.0 – 132.5

Target 1: 129.7

Target 2: 128.6

Target 3: 126.0

Stop Loss (SL): 134.5

Short Market Outlook:

$SOL Momentum has clearly shifted bearish after rejection from resistance. Any weak bounce toward the supply zone is likely to invite fresh selling. A strong reclaim above resistance would invalidate this setup, but until then, sellers stay firmly in control.