After a powerful rejection from the $160 high, Solana's momentum has flipped bearish. The price is now in a steep correction and attempting to find its footing. This is a dangerous zone where trying to guess the bottom can be very costly.
A professional trader waits for the market to establish a clear range and then confirms its next move. We will define the current battlefield and plan our attack accordingly.
📊 The Analysis: Defining the Battlefield
The price is now caught in a new, lower range as it consolidates after the drop.
🔹 Resistance (The Ceiling): Any bounce is likely to face heavy selling pressure at the $152 level.
🔹 Support (The Floor): Buyers are attempting to establish a new support base around $145.45.
🔹 The Market Emotion: Fear and uncertainty are dominant after the sharp decline.
📈 The Game Plan: Don't Predict, React.
The #1 rule is to respect the current downtrend. We will not try to catch the falling knife; we wait for a confirmed signal.
1. The Bearish Continuation Plan (Primary) 🐻
✅ Entry Signal: Wait for a strong 2-hour or 4-hour candle to close decisively BELOW the support at $145.45. This confirms the downtrend is continuing.
🎯 TP1: $140.00
🎯 TP2: $137.00 (The previous major low)
🛑 SL: Place it back inside the range, around $147.00.
2. The Bullish Reversal Plan (Low Probability) 🐂
✅ Entry Signal: For a safe long trade, we need strong proof that the bears have lost control. Wait for a powerful candle to close decisively ABOVE the resistance at $152.
🎯 TP1: $156.00
🎯 TP2: $160.00 (The major recent high)
🛑 SL: Place it back inside the range, around $150.50.
🔥 The Bottom Line: The momentum is clearly bearish. The highest probability trade is to wait for the support to break. Don't fight the current until it shows clear signs of reversing.
👇 Will SOL hold support for a relief bounce 📈 or are we heading down to $140 📉? What's your call?
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