COIN NAME: #solana
Position: Short
On the 4-hour timeframe, SOL has broken down from an ascending channel and has successfully completed a retest of the lower trendline—indicating a bearish setup. Additionally, the RSI is showing bearish divergence, which further supports the downside potential. A short position could be considered in the $136–$140 zone, depending on confirmation.
In the 2-hour chart shows USDT Dominance trading within an ascending channel, indicating a gradual uptrend. The price is currently near the lower boundary of the channel, suggesting a potential bounce toward the upper resistance. The RSI is rebounding from the demand zone, hinting at renewed bullish momentum. If dominance rises, it could imply increasing market caution, as more traders move into stablecoins like USDT, potentially signaling bearish sentiment for altcoins.
Entry Price: $136 or Market Price
Targets:
1st TP $124.77
2nd TP $117.70
3rd TP $109.60
Leverage: 5X
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$SOL
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