$SOL /USDT short tread single 🚦 🔴
SHORT TRADE SIGNAL: BEARISH REVERSAL ZONE TESTED!
$SOL hit a recent high of $161.82 but failed to sustain momentum above key resistance. The price is showing signs of exhaustion after a strong bounce, with 15m and 1h charts flashing lower highs and decreasing bullish volume. A rejection at $162.00 now puts downside pressure back on.
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🔻 Trade Setup (SHORT):
Entry Price: $159.80 – $161.50
Target 1: $154.90
Target 2: $149.70
Stop Loss: $162.60
📉 Why Short?
$SOL faced a rejection just below the previous breakout level, with visible sell pressure on the order books near $161.80–$162.00. Lower timeframe momentum indicators (RSI/MACD) show bearish divergence. If it fails to reclaim $162, expect a retrace toward previous demand levels around $155 and $150.
⚠️ Risk Management Tip:
Move stop loss to entry once price hits Target 1. Avoid overleveraging as volatility may spike during U.S. market hours.
Sell and Trade here on $SOL
