$SOL BEARISH BREAKDOWN SETUP – WATCH FOR RETEST OF LOWER SUPPORTS! ⚠️📉

Solana is currently trading at $151.47 (-3.58%), showing weakness after a sharp rejection from the 24h high of $158.80. The price has slipped below key short-term support levels and is now testing the lower end of the range, signaling possible continued downside pressure.

🔍 KEY LEVELS TO WATCH

Immediate Resistance: $156.00 (broken support, now resistance)

Major Resistance: $160.00 → $164.00 (heavy sell zone)

Immediate Support: $148.00 (near 24h low)

Critical Support: $144.00 (must-hold for bulls)

📉 TRADE SETUP (SHORT ENTRY)

Entry: On rejection from $153–$155 zone or breakdown below $148

Take Profit (TP):

TP1: $148.00

TP2: $144.00

TP3: $140.00 (extended target if selloff continues)

Stop Loss (SL): $156.50 (above recent support turned resistance)

⚠️ RISK MANAGEMENT

Risk only 1–2% of your capital

Look for confirmation with volume spikes on breakdown below $148

Don’t hold if bullish reversal candles appear on 1H/4H near $144–$148

Summary: SOL is in a corrective phase after failing to hold above $156. If it breaks below $148, a deeper pullback toward $144 or lower is likely. This is a favorable short setup for range or momentum traders. 🔻🧠

Would you like a 4H trendline/indicator view or bounce setup if support holds?

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