📉 SOLANA (SOL) - Intraday SHORT Trade Plan

🟩 Trade Direction: Short (Sell)

📍 Entry Price:

$168.80 - $169.20

(Ideal entry near minor resistance just under recent lower high zone)

🎯 Target (Take Profit):

$166.40 - $166.80

(Test of local support zone visible from previous bounce area)

🛑 Stop Loss:

$170.20

(Above previous spike wick — invalidates the short setup)

🔍 Technical Reasoning:

Recent failed attempt of $SOL to break $171.60, creating a lower high.

Price rejected after a volume spike, forming a descending pattern.

Minor support seen at $166.50 — good short target.

Volume shows decreasing buy strength, confirming weakening momentum.

📊 Confidence Level:

High (8.5/10)

Due to:

Strong resistance overhead

Weak bounce after sell-off

Favorable R:R (Risk:Reward) > 1.5

⚠️ Risk Management Tip:

Risk no more than 1–2% of your capital. Set alerts at entry zone and monitor volume confirmation.

#Solana