$SOL /USDT Short Signal Alert
Time to capitalize on Solana's weakness
Trade Setup:
Entry Zone: $140 – $144
Take Profit Targets:
TP1: $132
TP2: $126
TP3: $118
Stop Loss: $148
Risk-to-Reward Ratio: 1:2.5+
Technical Analysis:
Bearish Divergence spotted on the 4H RSI. Momentum is weakening as price attempts to push higher.
Descending Triangle breakdown confirmed below $144 support, now turned resistance.
Price is now trading below the 50 EMA on the 4H chart, a bearish sign.
MACD is crossing below the signal line — downside momentum gaining strength.
Volume has been declining on upswings, signaling weakening buying pressure.
Fundamental Analysis:
Network congestion issues have re-emerged as Solana faces criticism for failed transactions and reliability concerns.
Solana Foundation recently unstaked over 1M SOL, sparking fears of potential sell pressure.
Market sentiment is shifting back to Bitcoin dominance, with altcoins underperforming.
Lack of new DeFi protocols or NFT hype on Solana compared to previous quarters is lowering demand.
Key Points:
Strong technical setup with confirmation across multiple indicators.
High potential for a short swing move with minimal drawdown.
Aligns with overall altcoin market weakness as BTC consolidates.$SOL