$SOL USU BEARISH MOVE LIKELY AS MOMENTUM FADES NEAR RESISTANCE ZONE!
Current Price: 0.04561
24h Change: -0.00031 (-0.68%)
Key Technical Levels:
Resistance Levels: 0.04680, 0.04660, 0.04640
Support Levels: 0.04500, 0.04480, 0.04450
Price is currently hovering near 0.04561 after failing to break above the key resistance zone at 0.04660–0.04680, showing signs of exhaustion. The constant lower highs indicate increasing selling pressure, and buyers seem to be weakening near resistance.
Trade Setup (Short Entry):
Entry: 0.04560–0.04580
Take Profit (TP): 0.04500 / 0.04480 / 0.04450
Stop Loss (SL): 0.04670
Market Outlook:
The overall trend on the 30-minute chart leans bearish with a tight range forming just under resistance. Volume shows slight weakening on the buy side, indicating that a bearish breakdown could be imminent if support at 0.04500 fails. Sellers are currently in control unless bulls break above 0.04680 with strong volume.
Risk Management:
Risk only 1–2% of your capital per trade. Wait for confirmation on breakdown before entry. Maintain discipline with strict SL placement.
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