$SOL: Short Opportunity After Support Flip š
Solana ($SOL) is currently presenting a technically clean short setup as price action confirms a classic support ā resistance flip.
Earlier, I pointed out that the $125 zone, previously acting as strong support, was broken. After such breakdowns, the market often revisits this area for a retest ā not to continue higher, but to confirm weakness. Thatās exactly what weāre seeing now.
The current rebound looks corrective rather than impulsive:
No strong buyer aggression
Weak follow-through on the bounce
Price reacting precisely to the broken support level
This makes the area around $125 a logical zone to consider short positions.
šÆ Trade Plan & Targets
For now, Iām not targeting the full move down to $100 within a mid-term scenario. Instead, Iām trading this setup more locally and tactically.
Primary take-profit: $117
This level aligns with the most recent local low, making it a realistic and technically justified target.
Could price go lower? Absolutely.
But that will depend on overall market conditions and broader sentiment.
ā ļø Risk Management Comes First
If you decide to hold the position beyond $117:
Trail your stop-loss as price moves in your favor
Lock in partial profits
Reduce exposure gradually to protect capital
In the current market environment, discipline beats predictions. Trade the reaction, not the hope.
Stay sharp. The market rewards patience š
