$SOL /USDT BEARISH BREAKDOWN IN MOTION – MORE DOWNSIDE LIKELY!
Price action on the chart reveals a clear descending structure with repeated lower highs, and the current level of $161.41 shows a fresh rejection after a short-lived bounce. The support around $160 is under threat, and failure to hold it could lead to an accelerated drop.
Trade Setup (Short):
Entry: $161 – $162
Take Profit: $158 / $156
Stop Loss: $164
Market Outlook:
With increasing selling pressure and no sign of bullish reversal, $SOL is likely to continue its downward momentum. A break below $160 would confirm further weakness, targeting the $156 zone next.
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