$SOLV
USDT BEARISH RETEST READY TO UNLEASH ANOTHER DROP 📉
After a sharp breakdown, $SOLVUSDT is currently retesting its broken support as fresh resistance, suggesting bears remain in full control.
🔑 Key Levels:
Resistance Zone: $0.04559 – $0.04579
Current Price: $0.04378
Support Zone: $0.04293 – $0.04294
📊 Trade Setup (Short):
Entry: $0.04400 – $0.04410 (on retest rejection)
Targets:
TP1: $0.04370
TP2: $0.04300
TP3: $0.04293
Stop Loss: $0.04411 (above retest zone)
📉 Market Outlook:
Momentum remains bearish after a strong breakdown. The retest at $0.04400-$0.04410, if rejected, will confirm continuation towards lower supports near $0.04300 and below.
⚠️ Risk Management:
Always use tight stops and risk only 1-2% of your capital per trade. Avoid chasing entries if the price breaks down without retest.
buy and trade here on $SOLV
💬 Do you see further downside coming for SOLV? Comment below!
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