$SOL
The price of $SOL is currently facing a downward pullback, trading near $189.07, with strong selling pressure and a 24-hour outflow of $269K, indicating a bearish sentiment. Immediate support is observed at $186-$188, while resistance lies at $200-$205.
A breakdown below $186 could accelerate selling toward $175-$180, making a short trade favorable. The overall market structure remains bullish long-term, but short-term momentum suggests further downside unless strong buying volume reverses the trend.
The short entry below $186 is ideal, with profit targets at $180-$175. A stop-loss at $195 ensures controlled risk. A long trade is not advisable unless a confirmed breakout above $200 occurs with significant volume inflow. If price rebounds from $186, a quick re-entry can be considered.
SOL:
Summary of Target:
Entry Points: Short below $186.
Take Profits: $180-$175.
Stop Loss: $195.
Re-entry is favorable if the price confirms resistance at $200 or breaks below $185 with strong volume. Manage risk wiselyโposition size and stop-loss discipline are key.