$SOL /USDT – Support Broken, Bears in Full Control
SOL has just broken below the key $185 support level, touching a new intraday low of $184.36. This breakdown confirms strong bearish momentum after a steep sell-off from the $198.07 high earlier today. The absence of strong demand at $185 increases the probability of further downside movement.
Trade Setup – Short Position
Entry: $184.60–$185.00 on a small pullback
Stop Loss: $186.20 above broken support
Target 1: $182.40 (recent liquidity zone)
Target 2: $179.50 (next major support)
Risk-Reward: Around 1:2 if aiming for Target 2
Price Action Logic
The break of $185 has turned previous support into fresh resistance. Sellers are in control, with lower highs and lower lows forming on the chart. Volume confirms selling pressure, suggesting the move is not just a quick dip.
Profit Probability
High probability around 70% if the price stays under $185, but a strong bounce back above this level could trigger a short squeeze.
If you want, I can also prepare a long-reversal plan in case SOL bounces back from $182–$180. Would you like me to do that?