$SOL
Bias: bearish
Entry: 119.27
Tp1: 118.60
Tp2: 117.96
SL: 120.01
Analysis: SOL is around $120–121. Short-term indicators are showing some bearish pressure: MACD is bearish and most short-term moving averages are signaling Sell, although the higher-timeframe structure is still relatively strong.
Bearish setup:
* $121–$125 → major resistance/rejection zone
* $119 → immediate support
* A clean break below $119 → bearish confirmation
* $116–$117 → next downside zone
* If $116 breaks → $111–$112 becomes the next area
* Stronger selloff could eventually expose $104
The $124–125 region is particularly important because SOL has repeatedly struggled around it recently.
Invalidation: A strong daily reclaim above $125 would significantly weaken the bearish setup and could reopen the $128–$133 area.
Bias: bearish
Entry: 119.27
Tp1: 118.60
Tp2: 117.96
SL: 120.01
Analysis: SOL is around $120–121. Short-term indicators are showing some bearish pressure: MACD is bearish and most short-term moving averages are signaling Sell, although the higher-timeframe structure is still relatively strong.
Bearish setup:
* $121–$125 → major resistance/rejection zone
* $119 → immediate support
* A clean break below $119 → bearish confirmation
* $116–$117 → next downside zone
* If $116 breaks → $111–$112 becomes the next area
* Stronger selloff could eventually expose $104
The $124–125 region is particularly important because SOL has repeatedly struggled around it recently.
Invalidation: A strong daily reclaim above $125 would significantly weaken the bearish setup and could reopen the $128–$133 area.