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$SOL is facing renewed selling pressure on the 4H chart after a sharp rejection near $102.80. The price is currently around $100.71, and sellers could push for another breakdown if the $100 support zone fails.
$SOL SHORT TRADE SETUP
Entry Range: $100.70 – $101.30
Stop Loss: $102.20
TP1: $100.00
TP2: $99.00
TP3: $98.00
Market Analysis:
$SOL remains in a broader short-term downtrend, with lower highs and lower lows visible on the 4H chart. The recent recovery toward $103 failed, followed by a strong bearish candle that brought price back toward $100.70. A confirmed breakdown below $100 could open the way toward $99 and $98.
$SOL is facing renewed selling pressure on the 4H chart after a sharp rejection near $102.80. The price is currently around $100.71, and sellers could push for another breakdown if the $100 support zone fails.
$SOL SHORT TRADE SETUP
Entry Range: $100.70 – $101.30
Stop Loss: $102.20
TP1: $100.00
TP2: $99.00
TP3: $98.00
Market Analysis:
$SOL remains in a broader short-term downtrend, with lower highs and lower lows visible on the 4H chart. The recent recovery toward $103 failed, followed by a strong bearish candle that brought price back toward $100.70. A confirmed breakdown below $100 could open the way toward $99 and $98.
