$SOL Today's Pro Trading Plan: SOL/USDT - May 17, 2025

1. Primary Bias & Setup:

Short bias within a descending channel (intraday). Price rejected at 20MA resistance ($173.28) and broke below VWAP, signaling bearish continuation. Focus on scalping downside moves.

2. Entry Zone:

Optimal short entry: $168.50-$169.80 (test of broken support-turned-resistance, aligned with 15m bearish OB). Confluence: 20MA rejection + volume spike on down moves.

3. Stop Loss Placement:

SL: $170.50 (above 20MA and recent swing high). Invalidation confirmed if price reclaims $170.50 with volume.

4. Risk/Reward Ratio:

R:R 1:3 (SL: $1.70, TP1: $1.70, TP2: $3.40).

5. Profit Targets:

• TP1: $166.80 (prior low liquidity pool)

• TP2: $164.50 (24h low + daily FVG close)

• TP3: $162.00 (swing extension, aggressive exit)

6. Market Sentiment:

Bearish momentum dominates (negative delta volume, weak bids). Sellers targeting $164.01 liquidity below.

7. Invalidation Plan & Contingency Setup:

If SL hit, pivot long above $170.50, targeting $173.28 (20MA) → $174.21 (24h high). SL: $169.00.

Execution Note: Monitor 15m closes below $167.50 for acceleration.