$SOL /USDT — Sharp Breakdown, Sellers Taking Control
I’m watching SOL closely here because price has suddenly dropped below the 101.00 MA60 area, and the latest move is strongly bearish. For me, the priority is seeing whether sellers maintain this pressure or if price attempts a quick recovery.
SOL is currently trading around 100.82, after failing to hold above the 101.06–101.10 area. The sharp drop is accompanied by rising red volume bars, which supports the visible selling pressure. I wouldn’t rush into a long while price remains below the MA60.
The key area I’m watching is 101.00–101.06. If price retests this zone and gets rejected, further downside becomes possible. However, after such a sharp move, a bounce can happen, so I’d avoid chasing the drop.
📍 Entry: 100.93–101.00, only after a confirmed bearish retest 🎯 TP1: 100.87 🎯 TP2: 100.82 🎯 TP3: No reliable lower target visible 🛑 Invalidation: Above 101.06
If price reclaims 101.06, I’d step away from this short setup because the breakdown could be losing momentum.
My take: Sellers currently have the advantage, but I want confirmation on a retest before considering a trade.
I’m watching SOL closely here because price has suddenly dropped below the 101.00 MA60 area, and the latest move is strongly bearish. For me, the priority is seeing whether sellers maintain this pressure or if price attempts a quick recovery.
SOL is currently trading around 100.82, after failing to hold above the 101.06–101.10 area. The sharp drop is accompanied by rising red volume bars, which supports the visible selling pressure. I wouldn’t rush into a long while price remains below the MA60.
The key area I’m watching is 101.00–101.06. If price retests this zone and gets rejected, further downside becomes possible. However, after such a sharp move, a bounce can happen, so I’d avoid chasing the drop.
📍 Entry: 100.93–101.00, only after a confirmed bearish retest 🎯 TP1: 100.87 🎯 TP2: 100.82 🎯 TP3: No reliable lower target visible 🛑 Invalidation: Above 101.06
If price reclaims 101.06, I’d step away from this short setup because the breakdown could be losing momentum.
My take: Sellers currently have the advantage, but I want confirmation on a retest before considering a trade.