$SOL /USDT BEARISH CONTINUATION IN PLAY – SHORT OPPORTUNITY UNFOLDING
Solana ($SOL /USDT) is under strong bearish pressure after a steep 17.74% drop, breaking multiple support zones. High bearish dominance at 85.29% and failure to reclaim resistance around $189.50–$190 signal further downside is likely.
Technical Breakdown:
MACD: Firm bearish crossover with momentum building on the downside.
EMA & MA (4H): Price trading decisively below moving averages, confirming bearish structure.
Bollinger Bands: Price riding lower band with expanding volatility, indicating further drop potential.
Support Zones: Weak footing below $181.62, next key levels seen at $175.00 and $168.00.
Volume: Over 13M SOL traded, confirming strong bearish activity.
ENTRY (SHORT): 182.50
STOP LOSS (SL): 190.00
TARGET 1 (TP): 175.00
TARGET 2 (TP): 168.00
TARGET 3 (TP): 160.00
RISK MANAGEMENT:
Limit exposure to 2% of portfolio per trade, enforce a minimum 1:2 risk-to-reward ratio, and reassess trade if price consolidates above broken support.
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