$SOL /USDT HEAD & SHOULDERS PATTERN BREAKDOWN - BEARISH MOVE LOADING !!!
A perfect Head & Shoulders pattern has formed on the SOL 1H chart, signaling a potential strong bearish reversal. Price action has completed the right shoulder and is now struggling below key resistance, indicating sellers are gaining control. A breakdown below the neckline could trigger a major downward move towards lower support levels.
Trade Setup:
• Short Entry: Below 147.50
• Take Profit 1 (TP1): 145.44
• Take Profit 2 (TP2): 143.70
• Take Profit 3 (TP3): 141.00
• Stop Loss (SL): Above 149.50
Market Outlook:
The bearish structure is very clear, with momentum favoring the downside. Breaking current minor supports could accelerate the selling pressure. Always manage your risk carefully as volatility may spike on breakout!
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