đ $SOL /USDT â SHORT SETUP | 1D CHART
SOL is showing bearish momentum after rejecting the $124.96 high. Price is trading below the MA(5), MA(10), and MA(20), suggesting sellers have the advantage for now.
đ´ Direction: SHORT
đŻ Entry Zone: $107â$110
đ Stop Loss: $115
đ° Take-Profit Targets
TP1: $102
TP2: $98
TP3: $94
â ď¸ Invalidation Zone: Above $115, especially if a daily candle closes above this level and holds.
đ Why SHORT?
Price is below all three moving averages.
The recent pullback from $124.96 shows selling pressure.
A rejection around $107â$110 could provide another downside opportunity.
â Confirmation: Wait for a bearish rejection in the entry zone before entering. If SOL reclaims resistance with strong buying pressure, avoid the short.
đŹ Can SOL drop toward $98 next?
#SOL #Solana #CryptoTrading #TechnicalAnalysis
SOL is showing bearish momentum after rejecting the $124.96 high. Price is trading below the MA(5), MA(10), and MA(20), suggesting sellers have the advantage for now.
đ´ Direction: SHORT
đŻ Entry Zone: $107â$110
đ Stop Loss: $115
đ° Take-Profit Targets
TP1: $102
TP2: $98
TP3: $94
â ď¸ Invalidation Zone: Above $115, especially if a daily candle closes above this level and holds.
đ Why SHORT?
Price is below all three moving averages.
The recent pullback from $124.96 shows selling pressure.
A rejection around $107â$110 could provide another downside opportunity.
â Confirmation: Wait for a bearish rejection in the entry zone before entering. If SOL reclaims resistance with strong buying pressure, avoid the short.
đŹ Can SOL drop toward $98 next?
#SOL #Solana #CryptoTrading #TechnicalAnalysis