Solana's recent rally may be losing steam, with signs pointing to a potential short-term reversal. After pushing past $219, the price is facing strong resistance, and fading volume and candle rejections suggest a bearish setup is forming.
*Trade Details:*
- *Action:* SHORT SOL/USDT
- *Entry Zone:* $218.50 – $219.50
- *Stop Loss:* $222.31 🚫 (invalid if price goes above with strong volume)
- *Take Profit:*
- *TP1:* $213.00 🎯
- *TP2:* $208.00 💰
- *TP3:* $203.00 🔻
*Market Outlook:*
If Solana breaks below $216 with strong momentum, it's expected to pull back toward the $203 zone. Keep an eye on the $217 zone for confirmation of this bearish move. However, if the price rallies strongly above $222.50, this setup could fail.
*Current Price:* $219.10 (up 2.41%)
*Market Cap:* $112.69B
*Remember to manage your risk and do your own research.* 📊
#SolanaTrading #CryptoMarket #BearishSetup #ShortTermReversal #SOLUSDT
