$SOL /USDT – BEARISH PRESSURE BUILDING ⚠️🐻
Solana is facing selling pressure after failing to sustain above $205, currently trading at $204.13 (-0.50%). A rejection from resistance and declining momentum hints at a possible short-term pullback. Let’s dive into the key levels and trade setup ⬇️
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🔍 KEY LEVELS TO WATCH:
🟢 Support Zones:
$200.00 – Critical psychological level & bounce zone 🔒
$198.00 – 24h low, major support base 📉
🔴 Resistance Zones:
$205.40 – 24h high, immediate resistance 🚧
$208.00 – $210.00 – Strong supply zone & breakout block 💥
📍Current Price: $204.13
📉 Volume Drop: 379.51M USDT – Sign of weakening bullish strength ❄️
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💼 TRADE SETUP (SHORT):
📉 Entry: $204.00 – $205.00 (on rejection from resistance or bearish candle close)
🎯 Target 1 (TP1): $200.00
🎯 Target 2 (TP2): $198.00
🛑 Stop Loss (SL): $207.00 (above resistance zone)
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🛡️ RISK MANAGEMENT:
Risk only 1-2% of your capital per trade 💼
Maintain RR ratio of at least 1:2 for optimal risk/reward ⚖️
Use confirmation candles and avoid chasing the move 🧠
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🧊 Solana looks ripe for a pullback unless bulls reclaim key resistance soon. Stay alert and trade smart! 🧭📊