🚨 $SOL /USDT Perpetual (1D Timeframe) - Major Daily Resistance Rejection Setup! 📉⚡
$SOL is testing a strong horizontal supply zone near 117.59 on the daily chart. Long upper wicks indicate that sellers are active at this level, signaling potential buyer exhaustion after the recent rally.
With the RSI sitting at 65.32, momentum is weakening near resistance, opening up a high-probability short swing toward key moving average support.
📌 Precise Short Setup Plan:
• Entry Zone: 116.96 - 117.59
• Target 1 (TP1): 108.03 ⏳
• Target 2 (TP2): 106.40 (Major Support) 🎯
• Stop Loss (SL): 120.16 (Strict Risk Management) 🛑
This setup offers a solid Risk-to-Reward ratio for daily swing traders!
🎁 Trading Advantage:
Execute your position via the widget below to Save 10% on Futures Trading Fees automatically! 💸
👉 Tap the $SOL Perpetual Widget below to check the live depth chart & enter your position in 1-click!
Are you shorting $SOL at resistance or waiting for a breakout above 120? Drop your view below! 👇
⚠️ Disclaimer: Content provided is for educational purposes only. Always manage your risk and DYOR before taking any financial decisions. #PerpetualFutures #solana
$SOL is testing a strong horizontal supply zone near 117.59 on the daily chart. Long upper wicks indicate that sellers are active at this level, signaling potential buyer exhaustion after the recent rally.
With the RSI sitting at 65.32, momentum is weakening near resistance, opening up a high-probability short swing toward key moving average support.
📌 Precise Short Setup Plan:
• Entry Zone: 116.96 - 117.59
• Target 1 (TP1): 108.03 ⏳
• Target 2 (TP2): 106.40 (Major Support) 🎯
• Stop Loss (SL): 120.16 (Strict Risk Management) 🛑
This setup offers a solid Risk-to-Reward ratio for daily swing traders!
🎁 Trading Advantage:
Execute your position via the widget below to Save 10% on Futures Trading Fees automatically! 💸
👉 Tap the $SOL Perpetual Widget below to check the live depth chart & enter your position in 1-click!
Are you shorting $SOL at resistance or waiting for a breakout above 120? Drop your view below! 👇
⚠️ Disclaimer: Content provided is for educational purposes only. Always manage your risk and DYOR before taking any financial decisions. #PerpetualFutures #solana
