🔻 $SOL /USDT – Bulls Losing Grip! Sharp Rejection Triggers Bearish Shift ⚠️
$SOL tried to push higher but got violently rejected at $168, printing a strong bearish engulfing candle on the 30-minute chart. With momentum fading and key support now under pressure, a deeper pullback may just be getting started.
📉 Short Trade Setup:
• Entry Zone: $164.2 – $165.8
• Target 1 (TP1): $161
• Target 2 (TP2): $157✅
• Stop Loss (SL): $168
📊 Technical View:
The break of short-term market structure combined with lower highs and a heavy bearish candle signals a likely trend reversal. $161 is the last support zone before price slides.
🛡 Risk Note:
If SL gets hit, setup is invalid. Use proper risk management and avoid oversized positions.
🔄 Strategy Breakdown:
This trade aims to capitalize on the rejection from a major resistance and the shift from bullish to bearish momentum. Shorting into the failed rally allows catching the down leg early.
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