$SOL
USDT BEARISH REVERSAL IN PLAY – SELLERS READY TO STRIKE
SOL is showing clear rejection near the $149.94 resistance zone after a minor recovery from its breakdown move. The price is currently at $147.82, failing to break above the immediate supply area, indicating a potential strong downside continuation.
🔑 Key Levels:
Resistance: $149.94 – $150.00
Support: $140.02
Current Price: $147.82
📉 Trade Setup (Short):
Entry Zone: $148.20 – $149.73
Take Profit (TP): $140.02
Stop Loss (SL): $149.94
📊 Market Outlook: SOL remains under strong bearish pressure with lower highs forming consistently. A rejection from the highlighted resistance is likely to push price down towards the $140 zone. Bears maintain control as long as price stays below $150.
⚠️ Risk Management: Always use strict stop loss placement and do not risk more than 1-2% of capital per trade to maintain long-term profitability and psychological stability.
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buy and trade here on $SOL