$SOL /USDT short trade signal 🚦 🛑

BEARISH SETUP: PRICE REJECTION AT RESISTANCE ZONE

$SOL /USDT is facing rejection near the 147.50 level after a recent attempt to break higher. The price has failed to sustain above this key resistance, suggesting a potential reversal back towards the support levels. A bearish engulfing candle signals the possibility of further downside movement.

Trade Setup:

Short Entry: 146.40 – 146.50

Take Profit (TP): 143.80

Stop Loss (SL): 147.60

Market Outlook:

If price fails to break through the 147.50 resistance, a retracement towards 143.80 seems likely. Traders should monitor the next few candles for confirmation before entering short positions.

Pro Tip: Be cautious around the resistance level and ensure confirmation of the price rejecting the area before committing to the trade.

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