Solana (SOL) Trade Setup – May 18, 2025
SOL is in a likely B-Wave bounce within an ABC correction. Price is near resistance and may soon resume the downtrend.
Trade Idea (Short Setup)
Entry Zone: $173 – $178 (on rejection from resistance)
Stop Loss: $183 (above key resistance)
Target 1: $151
Target 2: $143
Target 3: $132 (extended C-Wave support)
Invalidation: Break and close above $183
Price must hold below $183 for this bearish setup to remain valid. Watch for confirmation signals at the $173–$178 zone.
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