🛑 SOL/USDT Bearish Setup Alert! ⚠️ Potential Drop Ahead?
$SOL
Hello Traders! Here is a 1-hour time-frame technical analysis for SOL/USDT.
We are currently observing a critical technical setup on Solana that requires close attention:
The $119.50 – $122.00 price range is acting as a major supply and resistance zone.
Price action shows a clear "Double Top" chart pattern, indicating strong rejection from upper levels.
A breakdown below the immediate support structure confirms shifting momentum toward sellers.
The market has formed a Lower High, signaling that buyers are losing control.
Following a potential minor retest around the resistance, a downward move is anticipated.
According to the chart projection, the bearish target points toward the $108.00 – $110.00 zone.
This structure offers a high-probability Short opportunity for swing traders.
What are your thoughts on SOL's next move? Drop your thoughts below! 👇
🔴 Disclaimer: Not financial advice. Always practice strict risk management and do your own research.
#solana #SOLUSDT #TechnicalAnalysis #BinanceSquare #TradeSignal
$SOL
Hello Traders! Here is a 1-hour time-frame technical analysis for SOL/USDT.
We are currently observing a critical technical setup on Solana that requires close attention:
The $119.50 – $122.00 price range is acting as a major supply and resistance zone.
Price action shows a clear "Double Top" chart pattern, indicating strong rejection from upper levels.
A breakdown below the immediate support structure confirms shifting momentum toward sellers.
The market has formed a Lower High, signaling that buyers are losing control.
Following a potential minor retest around the resistance, a downward move is anticipated.
According to the chart projection, the bearish target points toward the $108.00 – $110.00 zone.
This structure offers a high-probability Short opportunity for swing traders.
What are your thoughts on SOL's next move? Drop your thoughts below! 👇
🔴 Disclaimer: Not financial advice. Always practice strict risk management and do your own research.
#solana #SOLUSDT #TechnicalAnalysis #BinanceSquare #TradeSignal
