✅ Successful Trade Conditions
Strong Rejection from Resistance (175.24 – 176.02 zone):
Price tried multiple times to break above the red supply zone and failed, forming long upper wicks — a sign of seller strength and exhaustion of bullish momentum.
Lower High Structure Maintained:
Every attempt to push upward resulted in a lower high, confirming the downtrend continuation pattern.
Break Below Key Support (174.49):
The price lost the 174.49 support after rejection and entered the short trade zone, signaling bearish continuation with confidence.
Volume Confirmation:
The breakdown is supported by a spike in red volume bars — a crucial confirmation that sellers are in control.
Clean Risk-to-Reward Ratio:
The SL (above 175.24) is well-placed beyond resistance, while the TP zone at 172.40 gives a solid reward ratio compared to the risk — ideal for short trades.
📌 Final Verdict:
This is a textbook short signal based on:
Rejection at supply
Breakdown of support
Bearish volume spike
Clean SL/TP structure
Seller alert 🔥$SOL