$SOL remains in a clear downtrend on the 1-hour and 4-hour timeframes.
Market structure continues to form lower highs and lower lows. Price is currently trading below the EMA9 and EMA21.
The current pullback is merely a technical rebound and an opportunity for bears to add to their positions.
$SOL Short Setup (Preferred)
· Short entry: 107–108
Wait for the price to retrace to the resistance zone, where the EMA9/EMA21 converge with previous resistance.
• Stop loss: Above 110
• Take profit: At 101 and 98, respectively
Support me—trade here 👇#sol #solana
Market structure continues to form lower highs and lower lows. Price is currently trading below the EMA9 and EMA21.
The current pullback is merely a technical rebound and an opportunity for bears to add to their positions.
$SOL Short Setup (Preferred)
· Short entry: 107–108
Wait for the price to retrace to the resistance zone, where the EMA9/EMA21 converge with previous resistance.
• Stop loss: Above 110
• Take profit: At 101 and 98, respectively
Support me—trade here 👇#sol #solana