$SOLUSDT Perpetual
Solana in downtrend mode post-ATH (~$295 Jan 2025):
Rejected hard at 133-139 resistance
Now chopping around ~124 after testing 121-122 lows
MAs bearish (price below all), negative funding (-0.003% → shorts paying longs), L/S ratio dropping (more shorts piling in), OI stable → bearish bias but squeeze potential on risk-on macro.
Short setup (trend continuation – favored):
Entry: ~124 or on rejection 128-130
SL: Above 133 (tight) or 140 (invalidation)
TPs:
TP1: 121-122 (+2%)
TP2: 115-118 (+5-7%)
TP3: 110 or lower (+11%+)
Long alt: Only if clears 130+ convincingly → target 139-150
Low lev (5-10x), watch US CPI reaction for vol spikes.
NFA. DYOR. #SOL #Solana #Crypto #BearMarket
SOLUSDT
Prep
122.39
+0.02%