$SOL USDT REJECTED AT MOVING AVERAGES — ANOTHER LEG DOWN LOADING?
$SOL is struggling to stay above key short-term moving averages, with the MA(25) and MA(99) acting as strong resistance zones. Price was rejected from $164.83 and is now consolidating just under $163, signaling potential for more downside if bulls fail to break out soon. Momentum is fading, and bears are eyeing a fresh dip below $160.
📉 Trade Setup (SHORT):
Entry Zone: $162.80 – $163.40
Take Profit 1: $160.50
Take Profit 2: $158.80
Stop Loss: $164.70
📊 Market Outlook:
Price structure is forming lower highs with tight rejections near major moving averages. Volume remains weak, and MA crossovers are turning bearish. Iffails to reclaim the $163.80–$164.20 range, sellers may dominate the next move.
#SOLUSDT #BearishSetup #AltcoinAnalysis #CryptoTrading #BinanceSquare
buy and trade here on $SOL