đ„ $SOL 1H: Breakdown Below Support â Is $71 the Start of a Bigger Move?
đȘ Coin: SOL/USDT
â° Timeframe: 1H
đ Market Bias: Bearish
$SOL has broken below its recent support with a strong bearish impulse. The price is trading under MA(7), MA(25), and MA(99) while the latest sell-off is accompanied by rising volume, confirming short-term bearish momentum.
đŻ Trade Setup
Trade: SHORT (Preferred)
Entry Zone: Retest of $72.10â72.80 (broken support / MA resistance).
Stop Loss: Above the latest lower high and MA(25).
TP1: $71.00
TP2: Next support below $71 if bearish momentum continues.
TP3: Trail the position while lower highs remain intact.
Risk:Reward: 1:2.5+
Trade Invalidation: A strong 1H candle closes above MA(25) with high bullish volume and reclaims the previous support zone.
đ Technical Analysis
â Price Action: Strong bearish breakdown with a fresh lower low.
â Market Structure: Lower highs and lower lows confirm a bearish trend.
â EMA/MA: Price is below MA(7), MA(25), and MA(99); all moving averages favor sellers.
â Volume: Selling volume expanded sharply on the breakdown, supporting the move.
â Support: $71.00 (current swing low).
â Resistance: $72.10â73.00 (broken support and MA cluster).
â SMC: Bearish order flow remains intact; wait for a pullback into supply before considering fresh shorts.
â Liquidity: The recent drop likely swept sell-side liquidity. Watch for a relief bounce before continuation.
â Order Block / FVG: The latest bearish impulse has created a supply zone overhead that may reject any recovery.
#sol #solana #SOLç©șæ #SolanaStrong #SOLUSDTđ°
đȘ Coin: SOL/USDT
â° Timeframe: 1H
đ Market Bias: Bearish
$SOL has broken below its recent support with a strong bearish impulse. The price is trading under MA(7), MA(25), and MA(99) while the latest sell-off is accompanied by rising volume, confirming short-term bearish momentum.
đŻ Trade Setup
Trade: SHORT (Preferred)
Entry Zone: Retest of $72.10â72.80 (broken support / MA resistance).
Stop Loss: Above the latest lower high and MA(25).
TP1: $71.00
TP2: Next support below $71 if bearish momentum continues.
TP3: Trail the position while lower highs remain intact.
Risk:Reward: 1:2.5+
Trade Invalidation: A strong 1H candle closes above MA(25) with high bullish volume and reclaims the previous support zone.
đ Technical Analysis
â Price Action: Strong bearish breakdown with a fresh lower low.
â Market Structure: Lower highs and lower lows confirm a bearish trend.
â EMA/MA: Price is below MA(7), MA(25), and MA(99); all moving averages favor sellers.
â Volume: Selling volume expanded sharply on the breakdown, supporting the move.
â Support: $71.00 (current swing low).
â Resistance: $72.10â73.00 (broken support and MA cluster).
â SMC: Bearish order flow remains intact; wait for a pullback into supply before considering fresh shorts.
â Liquidity: The recent drop likely swept sell-side liquidity. Watch for a relief bounce before continuation.
â Order Block / FVG: The latest bearish impulse has created a supply zone overhead that may reject any recovery.
#sol #solana #SOLç©șæ #SolanaStrong #SOLUSDTđ°