SOL Rejects Resistance with Force?
🔴 $SOL - SHORT
Trade Plan:
Current Price: ~$73.89
Entry Zone: $74.80 - $76.50
SL: $77.80
TP1: $70.50
TP2: $66.80
TP3: $62.50
Price action on the chart shows a textbook rejection from the descending trendline resistance and prior supply zone precisely at the Entry Zone. Bearish RSI divergence is clearly visible as price made equal highs while momentum faded, confirming seller control. The breakdown below the local structure low is imminent, with the glowing red downward arrow emphasizing the shift in market structure. Volume profile reveals heavy supply overhead, and the three TP levels align with successive demand voids and the next major support cluster. This high-conviction SHORT setup capitalizes on trapped longs from the recent relief bounce.
Are you targeting the liquidity pool below $70.50 or scaling shorts into strength?
Click below for trade 👇
DYOR & manage risk!
🔴 $SOL - SHORT
Trade Plan:
Current Price: ~$73.89
Entry Zone: $74.80 - $76.50
SL: $77.80
TP1: $70.50
TP2: $66.80
TP3: $62.50
Price action on the chart shows a textbook rejection from the descending trendline resistance and prior supply zone precisely at the Entry Zone. Bearish RSI divergence is clearly visible as price made equal highs while momentum faded, confirming seller control. The breakdown below the local structure low is imminent, with the glowing red downward arrow emphasizing the shift in market structure. Volume profile reveals heavy supply overhead, and the three TP levels align with successive demand voids and the next major support cluster. This high-conviction SHORT setup capitalizes on trapped longs from the recent relief bounce.
Are you targeting the liquidity pool below $70.50 or scaling shorts into strength?
Click below for trade 👇
DYOR & manage risk!