#solana
SOLUSDT Bearish Continuation Setup
Pair: SOLUSDT Perpetual
Timeframe: Monthly — Swing Setup
Direction: SHORT only after confirmation
Current Price: $73.02
Confirmation: A 4H candle close below $72.70 followed by a failed retest.
Entry Zone: $72.70 – $74.00
Stop Loss: $78.80 — above the immediate resistance zone
Take Profit 1: $68.00
Take Profit 2: $62.00
Take Profit 3: $52.00
Risk/Reward: Approximately 1:2.1 to TP2 and 1:3.9 to TP3
Technical Analysis
SOL is trading below EMA(7) at $85.62, indicating weak monthly momentum.
Price remains below EMA(25) at $115.70 and MA(44) at $112.72, confirming the broader bearish structure.
The Bollinger Band midpoint at $132.35 remains far above the market.
Volume is below its recent averages, showing limited buying strength.
Immediate support is located around $72.70. Losing this level could expose $68 and $62.
The monthly Supertrend near $51.94 is the major long-term support.
A recovery above $78.80 would weaken the immediate short setup, while reclaiming $85.62 would materially improve the broader outlook.
Market Outlook: Bearish below $85.62, with short confirmation under $72.70. Avoid entering before confirmation because the price is already near support.
Risk Level: High
Bias: Bearish continuation
SOL Struggles Below Major Monthly Averages
SOL continues to trade under its important monthly moving averages, reflecting persistent selling pressure and weak recovery momentum. The $72.70 area is now the key level to monitor. A confirmed breakdown and failed retest could extend the decline toward $68, $62 and potentially the monthly Supertrend region near $52.
However, traders should avoid chasing the move directly into support. Confirmation, controlled position sizing and a predefined stop loss are essential. Risk only 0.5%–1% of trading capital, secure partial profit at TP1 and consider moving the stop to breakeven afterward.
The latest Binance web price was approximately $73.44, broadly consistent with the screenshot price. Binance SOL market data
SOLUSDT Bearish Continuation Setup
Pair: SOLUSDT Perpetual
Timeframe: Monthly — Swing Setup
Direction: SHORT only after confirmation
Current Price: $73.02
Confirmation: A 4H candle close below $72.70 followed by a failed retest.
Entry Zone: $72.70 – $74.00
Stop Loss: $78.80 — above the immediate resistance zone
Take Profit 1: $68.00
Take Profit 2: $62.00
Take Profit 3: $52.00
Risk/Reward: Approximately 1:2.1 to TP2 and 1:3.9 to TP3
Technical Analysis
SOL is trading below EMA(7) at $85.62, indicating weak monthly momentum.
Price remains below EMA(25) at $115.70 and MA(44) at $112.72, confirming the broader bearish structure.
The Bollinger Band midpoint at $132.35 remains far above the market.
Volume is below its recent averages, showing limited buying strength.
Immediate support is located around $72.70. Losing this level could expose $68 and $62.
The monthly Supertrend near $51.94 is the major long-term support.
A recovery above $78.80 would weaken the immediate short setup, while reclaiming $85.62 would materially improve the broader outlook.
Market Outlook: Bearish below $85.62, with short confirmation under $72.70. Avoid entering before confirmation because the price is already near support.
Risk Level: High
Bias: Bearish continuation
SOL Struggles Below Major Monthly Averages
SOL continues to trade under its important monthly moving averages, reflecting persistent selling pressure and weak recovery momentum. The $72.70 area is now the key level to monitor. A confirmed breakdown and failed retest could extend the decline toward $68, $62 and potentially the monthly Supertrend region near $52.
However, traders should avoid chasing the move directly into support. Confirmation, controlled position sizing and a predefined stop loss are essential. Risk only 0.5%–1% of trading capital, secure partial profit at TP1 and consider moving the stop to breakeven afterward.
The latest Binance web price was approximately $73.44, broadly consistent with the screenshot price. Binance SOL market data