📉 SOL — SHARP DOWNTREND CONTINUATION & MOVING AVERAGE BREAKDOWN! 🔻
$SOL (Solana) is trading lower at 112.42 (-2.99%, or roughly Rs31,136.97), moving within a 24-hour range between a high of 117.17 and a low of 111.14. Price action on this 4-hour chart displays an aggressive downside expansion extending away from recent swing levels, currently trading deeply beneath the fast MA(7) (114.99), MA(25) (118.73), and structural MA(99) (118.91) cluster.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 114.00–117.00 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 119.50
🎯 TP1: 108.00
🎯 TP2: 104.00
Are you shorting this Solana breakdown lower as it approaches deeper support, or looking for a potential bounce setup? Let's discuss below! 👇
👉 Trade: $SOL
#sol #solana #cryptotrading #BinanceSquare #bearish
$SOL (Solana) is trading lower at 112.42 (-2.99%, or roughly Rs31,136.97), moving within a 24-hour range between a high of 117.17 and a low of 111.14. Price action on this 4-hour chart displays an aggressive downside expansion extending away from recent swing levels, currently trading deeply beneath the fast MA(7) (114.99), MA(25) (118.73), and structural MA(99) (118.91) cluster.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 114.00–117.00 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 119.50
🎯 TP1: 108.00
🎯 TP2: 104.00
Are you shorting this Solana breakdown lower as it approaches deeper support, or looking for a potential bounce setup? Let's discuss below! 👇
👉 Trade: $SOL
#sol #solana #cryptotrading #BinanceSquare #bearish