Based on the 1D chart of SOL/USDT, hereโs a short setup
๐ป Short Entry:
$157.00
๐ Stop Loss:
$161.00
(Just above EMA(25) and recent consolidation high)
๐ฏ Take Profit Targets:
TP1: $152.00
TP2: $147.00
TP3: $139.00
Reasoning:
EMA(7) is crossing below EMA(25) โ bearish signal.
Price just rejected from $173 area and is showing downward momentum.
Volume shows some decline โ less bullish interest.
MACD is negative and diverging, confirming short-term weakness.
Potential to test previous support zones near $139 if selling accelerates.
trade here
DYOR