$SOL / USDT – Short-Term Weakness, Not Panic
That red box shows distribution at the top, not healthy consolidation.
📉 What happened:
• Price pushed into 92–93 resistance
• Multiple upper wicks = sellers active
• Then a strong bearish candle = liquidity grab
• Now sitting just above intraday support
This is seller control short term.
📊 Trade Scenarios
🔴 Bearish Continuation (Higher probability)
Break below: 90.2
Targets:
• 89.4
• 88.8
• 87.9
Stop for shorts: Above 91.5
🟢 Bounce Only If:
Price reclaims 91.6 and holds.
Then targets become:
92.8 → 93.6
But right now, buyers look weak.
📈 Why downside pressure exists:
• Distribution candles at resistance
• Lower highs forming
• Rejection from volume cluster
• No strong bounce after dump
⚠️ Lose 90.2 = acceleration down.
This is sell the bounce market, not breakout market.