🚨 Solana (SOL/USDT): Sell Zone Alert for Binance Square Family!

$SOL

Hey #BinanceSquare fam! 👋 Today we're spotlighting Solana (SOL) on the 📉 downside, based on a TradingView setup: Sell at ~$146, Stop‑Loss at $152, Target at $107. Let’s dive deep, Binance Square style—fun, friendly, and packed with clarity!

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📉 Market Snapshot

Current Price: ~$147 USDT – down around 5% in the past 24 hrs

24‑Hour Low: Hit $142.1 before a bounce to ~147

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⚠️ Sell Setup Details

1. Entry (Sell): ~$146–147 – near current level

2. Stop‑Loss (SL): $152 – just above recent swing highs/resistance

3. Target (TP): $107 – deep bearish play

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🧠 Technical Rationale

Breaking Support at ~$147–$144: SOL dropped sharply from ~$160 to ~$142 before rebounding. This shift signals short-term momentum loss .

Resistance Zone $152–153: SOL failed to sustain above this area during recent rebounds .

**Tech Indicators Weak:**

Investing.com pegs SOL technicals as a strong sell across most signals .

FXEmpire warns of “death crosses” with price retesting $155 resistance—probable drop toward $135 .

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🎯 What This Sell Trade Is Betting On

A failure to break above $152 keeps sellers in charge

Bearish momentum confirmed if price dips below $144–146 support zone

Anticipated waterfall move as $140 cracks, pushing toward TP at $107

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🧩 Risk Management & Trade Plan

Position Size: Keep it small–mid risk per Binance Square style

SL at $152: Secure against upside breakout risk

**Mid-exit targets:**

1st target: $135–140 (key support region)

Final target: $107 – aggressive downside play

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🌍 Broader Context

Macro pressure: Crypto markets are jittery from US–China dynamics and bond yield concerns .

**Analysts chime in:**

CoinDesk sees consolidation at $143–147—if rejected, SOL likely to drop further .

FXEmpire sees bearish volume and leveraged longs prompting downside .

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✨ Summary for Binance Square Traders

Sell at: ~$146–147

Stop‑Loss: $152 (risk control zone)

Targets:

TP1: $135–140 (initial support drop)

TP2: $107 (deep downside)

Trade smart: use clear entries, strict stop-loss, and track macro/catalyst events. Risk first, then execution.

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✅ Final Thoughts

This is a classic bearish setup—SOL's failure at $152 resistance, breakdown under $147 support, and bearish momentum point to a potential slide toward $107. If global markets worsen or crypto sentiment sour, the odds increase.

Are you leaning in on this short setup, taking partial profits at $140, or waiting for bigger confirmation? Let’s hear your thoughts—drop a comment below! 🚀

*Disclaimer: Not financial advice. Educational purposes only. Always DYOR and trade responsibly!*