$SOL / USDT ā SHORT-TERM REBOUND OR DEAD CAT BOUNCE? š§ā ļø
$SOL faced a sharp sell-off from $163.64 down to $154.14, but has bounced back slightly to $156.75. Buyers and sellers are nearly evenly matched, showing market indecision in the 1H timeframe.
The slight recovery could signal a short-lived relief or the start of a consolidation phase. Watch closely ā a break below $154 could trigger further downside.
š Trade Setup (Short Bias):
ā¢ Entry Zone: $157.50 ā $158.50
ā¢ TP1: $154.50
ā¢ TP2: $151.50
ā¢ SL: $160.20
If buyers fail to step in with strong volume soon, the downtrend might resume. Trade with tight risk!
