$SOL Why Short SOL Now?
1. Trend Alignment:
- Price is below all key EMAs (21, 50, 100, 200) – bearish dominance.
- The 100-day EMA ($133.54) is acting as a strong resistance ceiling.
2. Momentum Signals:
- MACD Bearish: Histogram is negative, and DIF < DEA.
- RSI Nearing Oversold: But not yet oversold (39.84), leaving room for further downside.
3. Fractal Confirmation:
- A bearish fractal is forming near the 24H high ($130.64). A close below $125.55 confirms the pattern.
4. Volume & Liquidity:
- Weak volume on minor rallies suggests no institutional buying interest.
- The $125–$130 zone is a liquidity trap – a break below $125.55 will trigger stop-loss cascades.
enter 127.50 128.50
SL 131.64
Tp1 120
TP2 115
if sol breaks 131 admit defeat