$SOL is showing signs of weakness after facing rejection near the $119.77 resistance zone. The price is currently trading around $115.05, with sellers stepping in after the recent rally.
On the 4H chart, SOL is pulling back from its recent highs. If selling pressure continues, we could see a move toward the lower support zones.
SHORT TRADE SETUP
Entry: $115.00–$116.00
TP1: $113.00
TP2: $112.00
TP3: $110.00
TP4: $107.50
TP5: $105.00
Stop Loss: $119.00
A breakdown below $113.00 could open the way toward the next targets. If SOL reclaims the $119.00 zone, reassess the setup.
Wait for confirmation and manage your risk carefully.
DYOR.
On the 4H chart, SOL is pulling back from its recent highs. If selling pressure continues, we could see a move toward the lower support zones.
SHORT TRADE SETUP
Entry: $115.00–$116.00
TP1: $113.00
TP2: $112.00
TP3: $110.00
TP4: $107.50
TP5: $105.00
Stop Loss: $119.00
A breakdown below $113.00 could open the way toward the next targets. If SOL reclaims the $119.00 zone, reassess the setup.
Wait for confirmation and manage your risk carefully.
DYOR.
