$SOL /USDT BEARS GRIP TIGHTENS — MORE DOWNSIDE LIKELY!
$SOL is trading at $146.47, continuing its rejection from the recent high of $153.99. The trend on the 4H chart shows consistent lower highs and lower lows, indicating strong bearish momentum. Price is hovering just above minor support at $145.65 — a break below this could accelerate a drop toward deeper levels.
Key Levels:
Resistance: $153.99 – Strong selling zone
Support: $145.65 (minor), $140.32 (major)
Current Price: $146.47
Trade Setup: Short Entry: $146 – $148
Take Profit (TP): $144 / $142.60 / $140.30
Stop Loss (SL): $150
Market Outlook:
Bearish structure remains intact as long as SOL stays below $150. Sellers are in control, and price could revisit April’s low if $145 fails.
Risk Management Tip:
Always use stop loss and allocate only 2–5% of your capital per trade. Stick to a minimum 1:2 risk-to-reward ratio to protect capital.
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