$SOL /USDT.P PULLBACK IN PLAY BEARS STILL IN CONTROL BELOW $155
$SOL recently attempted a bounce after extended downside pressure, but the structure still favors the bears. The market is trading below major lower highs, with $187.57, $178.72, and $167.06 marking consistent rejections. The current pullback near $151ā$153 is a critical test zone.
š Technical Overview (4H Chart)
ā¢ Major Rejection Zones: $176.71, $178.72, $167.06
ā¢ Recent Swing High: $187.57
ā¢ Local Support: $142.50 ā $145.00
ā¢ Resistance to Watch: $155.00 ā $158.00
š Trade Setup (Pullback Play)
ā¢ Entry: $151.50 ā $153.00
ā¢ TP1: $145.80
ā¢ TP2: $142.00
ā¢ SL: $156.50
Note: Trend remains bearish unless price can break and hold above $158. Until then, treat this bounce as a lower high in a downtrend. Traders should remain cautious and watch for rejection signals.
