$SOL Momentum: SOL is showing a short-term recovery after a sharp decline from $103.85 to $92.34. However, price remains below VWAP at $97.62, indicating that selling pressure is still present.
Bearish Trade Setup (Conditional)
Entry: $97.20 – $97.70 (on rejection)
TP1: $95.50
TP2: $94.30
Final Target: $92.35
Stop Loss: $98.80
Important Levels:
Resistance: $97.62 – $98.59
Support: $94.30 – $93.62
Major Support: $92.34
Final Decision: SOL remains bearish below $97.62. A strong 4H close above $98.59 could invalidate this bearish setup and signal further recovery.
⚠️ Wait for confirmation before entering. Always use a stop loss.
Bearish Trade Setup (Conditional)
Entry: $97.20 – $97.70 (on rejection)
TP1: $95.50
TP2: $94.30
Final Target: $92.35
Stop Loss: $98.80
Important Levels:
Resistance: $97.62 – $98.59
Support: $94.30 – $93.62
Major Support: $92.34
Final Decision: SOL remains bearish below $97.62. A strong 4H close above $98.59 could invalidate this bearish setup and signal further recovery.
⚠️ Wait for confirmation before entering. Always use a stop loss.
