$SOL: Bears Retake Control as $SOL Fails to Hold Moving Averages
SHORT SETUP SOL
Entry: $119.200 - $119.600
Stop Loss: $124.200
Take Profit: $109.800 (2R)
Key Levels: Support $118.820 | Resistance $119.630
Technical Analysis for $SOL: SOL faces immediate resistance at 119.63, where price is currently stalling. The MACD histogram is positive but the main line remains negative, suggesting weak momentum. Stochastics are nearing overbought levels, indicating a potential pullback. Key risk is the 118.82 support; a break below invalidates the short. Watch for rejection at 119.63 to confirm bearish continuation.
Market Context: Bitcoin is showing a bearish 24h trend, while the broader market is predominantly red. SOL is trading near its 200 EMA, which
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $SOL
SHORT SETUP SOL
Entry: $119.200 - $119.600
Stop Loss: $124.200
Take Profit: $109.800 (2R)
Key Levels: Support $118.820 | Resistance $119.630
Technical Analysis for $SOL: SOL faces immediate resistance at 119.63, where price is currently stalling. The MACD histogram is positive but the main line remains negative, suggesting weak momentum. Stochastics are nearing overbought levels, indicating a potential pullback. Key risk is the 118.82 support; a break below invalidates the short. Watch for rejection at 119.63 to confirm bearish continuation.
Market Context: Bitcoin is showing a bearish 24h trend, while the broader market is predominantly red. SOL is trading near its 200 EMA, which
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $SOL
