Analysis of $SOL on the bearish path
Listen up, team... gather around the command station. Straight to the point, no beating around the bush: taking a surgical close-up look at the 1H, 15M, and 5M charts for SOL/USDT (Solana), the technical picture shows a strongly bearish macro environment. Price attempted a relief bounce toward the $73.28 USDT area after sweeping liquidity at the lows ($67.41), but ran into institutional supply and dynamic moving averages. The short-term bullish momentum has completely run out, triggering a clear rejection on lower timeframes. The smart money is using this breather to position short in line with the dominant macro trend.
Technical Context: Consolidated bearish macro trend on the 1H, institutional rejection in the supply zone, and weakening buying pressure after the pullback toward the moving average.
Entry Zone: $71.80 to $72.50 USDT range (entry on the retest of the supply block and confluence of moving averages on the 15M).
Protective Shield: Stop Loss firmly set at $74.10 USDT with our strict 10% risk.
Profit Targets: TP1 at $69.80 USDT (secure 50% and move stop to Break-Even), TP2 at $68.20 USDT, and TP3 at $66.00 USDT.
#SOL #solana #Manumax_Sniper
Listen up, team... gather around the command station. Straight to the point, no beating around the bush: taking a surgical close-up look at the 1H, 15M, and 5M charts for SOL/USDT (Solana), the technical picture shows a strongly bearish macro environment. Price attempted a relief bounce toward the $73.28 USDT area after sweeping liquidity at the lows ($67.41), but ran into institutional supply and dynamic moving averages. The short-term bullish momentum has completely run out, triggering a clear rejection on lower timeframes. The smart money is using this breather to position short in line with the dominant macro trend.
Technical Context: Consolidated bearish macro trend on the 1H, institutional rejection in the supply zone, and weakening buying pressure after the pullback toward the moving average.
Entry Zone: $71.80 to $72.50 USDT range (entry on the retest of the supply block and confluence of moving averages on the 15M).
Protective Shield: Stop Loss firmly set at $74.10 USDT with our strict 10% risk.
Profit Targets: TP1 at $69.80 USDT (secure 50% and move stop to Break-Even), TP2 at $68.20 USDT, and TP3 at $66.00 USDT.
#SOL #solana #Manumax_Sniper
