🔻 $SOL /USDT BEARISH REJECTION FROM TRENDLINE – SHORT ON CONFIRMATION!

$SOL is currently retesting a strong descending trendline near $149.80 after a relief bounce from local lows. Price has tapped into a key supply zone and is showing early signs of rejection. This zone aligns perfectly with the downtrend resistance and previous structure, suggesting a potential continuation to the downside.

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Trade Setup (SHORT):

Entry Price: $149.40 – $149.80

Target 1: $148.30

Target 2: $147.38

Stop Loss: $149.91

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Why Short?

The chart shows repeated failures to break above the trendline, and this current retest provides a clean short opportunity if sellers confirm control with a bearish engulfing candle. Volume is fading at the top and the wick rejections indicate exhaustion. Downside continuation remains likely if $149.00 is broken.

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Risk Management Tip:

Use tight stop loss just above the trendline and adjust your SL once $148.77 is hit. Don’t overexpose on retests — wait for candle confirmation.

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Don’t let this breakout fly without you — enter smart, exit richer!

Ride the momentum before it fades — profits favor the fearless!

Buy and Trade here on $SOL

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