$SOL 15-minute chart 📉:
$102.90–103.00:
Price is below this zone,
which could act as resistance.
$101.40: If a candle closes below this support,
selling pressure may increase.
$100.62: The next major downside level —
price may react here.
🎯 My bearish scenario
If SOL breaks below $101.40 and holds there, a retest of $100.62 is possible first. But if the price reclaims $103, the bearish setup could weaken.
One thing to remember: Don’t chase a short before support breaks; it could be a fake breakdown.
This bearish take could also make a good angle for Binance Square —
“$SOL Bounce Trap or Next Leg Down?” But check for updates before treating the screenshot data as the current price.
$102.90–103.00:
Price is below this zone,
which could act as resistance.
$101.40: If a candle closes below this support,
selling pressure may increase.
$100.62: The next major downside level —
price may react here.
🎯 My bearish scenario
If SOL breaks below $101.40 and holds there, a retest of $100.62 is possible first. But if the price reclaims $103, the bearish setup could weaken.
One thing to remember: Don’t chase a short before support breaks; it could be a fake breakdown.
This bearish take could also make a good angle for Binance Square —
“$SOL Bounce Trap or Next Leg Down?” But check for updates before treating the screenshot data as the current price.