$SOL — Rejection Under Resistance, Shorts Still in Play 📉
$SOL is showing weakness after failing to reclaim the $107.60–$110.65 resistance zone. The sharp sell-off from the $110 area broke the previous structure, and the current bounce around $106.70 looks more like consolidation than a confirmed reversal.
Short Entry: $106.70–$107.60
Stop Loss: $110.65
Target 1: $105.00
Target 2: $103.50
Target 3: $101.50
The key confirmation is a rejection below $107.60. If sellers push price under $106.00, momentum could accelerate toward the lower targets and eventually the major support marked near the bottom of the chart.
A clean reclaim above $110.65 invalidates the bearish setup. Until then, the structure favors selling the bounce rather than chasing the move lower.
#OktaCrowdStrikeSurgeOnEarningsBeat #MarvellFallsOver5%AfterHours #SP500Rises0.7%TechSectorGains3.3% #SP500Rises0.7%TechSectorGains3.3% #CentralBanksBuy289TonsGoldInQ2
$SOL is showing weakness after failing to reclaim the $107.60–$110.65 resistance zone. The sharp sell-off from the $110 area broke the previous structure, and the current bounce around $106.70 looks more like consolidation than a confirmed reversal.
Short Entry: $106.70–$107.60
Stop Loss: $110.65
Target 1: $105.00
Target 2: $103.50
Target 3: $101.50
The key confirmation is a rejection below $107.60. If sellers push price under $106.00, momentum could accelerate toward the lower targets and eventually the major support marked near the bottom of the chart.
A clean reclaim above $110.65 invalidates the bearish setup. Until then, the structure favors selling the bounce rather than chasing the move lower.
#OktaCrowdStrikeSurgeOnEarningsBeat #MarvellFallsOver5%AfterHours #SP500Rises0.7%TechSectorGains3.3% #SP500Rises0.7%TechSectorGains3.3% #CentralBanksBuy289TonsGoldInQ2
