$SOL /USDT BEARISH MOMENTUM DEEPENS – SOLANA SLIPS TO CRUCIAL SUPPORT!
Solana has seen a sharp decline from $177 to around $157, indicating strong selling pressure. Price is now testing a key support zone near $157–$156, and trading below major EMAs suggests bears remain in control. If this support fails, further downside could follow, with momentum indicators pointing toward continued weakness.
📊 Trade Setup (Short):
Entry (Short): $158 – $160
Targets (TP):
TP1: $154
TP2: $150
TP3: $146
Stop-Loss (SL): $164 (above minor resistance)
📉 Market Outlook:
If SOL holds above $157 and buyers step in, a pullback towards $164–$168 is possible. However, with current bearish sentiment and increased volume on the downside, the path of least resistance remains lower. Caution is advised for long positions until a clear reversal forms.
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