📊 Setup: • Price rejecting near local resistance • RSI overbought on 3M timeframe • EMA acting as dynamic resistance • Looking for continuation toward 70.77 and below
$SOL 🚀 SOLUSDT SHORT SIGNAL (4H Timeframe) 🔴 Pair: SOLUSDT Perpetual 📉 Direction: SHORT Entry: 71.64 Stop Loss: 75.18 Target 1: 70.00 Target 2: 67.00 Target 3: 64.00 Final Target: 61.86 📊 Risk/Reward: Approximately 1:2.75 Analysis: Price has reacted from resistance around the 72–75 zone. RSI is near 55 and showing signs of losing momentum. Strong rejection wick formed after the recent pump. Bearish continuation expected if price remains below 75.18. ⚠️ Invalidation: Close above 75.18 on the 4H timeframe. Risk Management: Risk only 1–2% of your account on this trade. Move stop loss to breakeven after Target 1 is reached.
📊 Price has retested the resistance zone after a strong bearish move. As long as SOL remains below the 66.60 - 66.90 resistance area, further downside remains likely.
⚠️ Risk Management Is Mandatory. 💎 Trade Smart & Secure Profits Along The Way.