$SOL /USDT – BEARISH BREAKDOWN IMMINENT!
Solana is showing clear signs of weakness after failing to hold key resistance levels. With price currently at $158.23 (-3.42%), bearish pressure is building up for a potential further drop. Let's break it down
KEY LEVELS:
Resistance:
• $165.00 (Recent 24h High)
$163.00 (Major rejection zone)
• $160.00 (Minor resistance now)
Support:
• $157.60 (Current local support)
• $155.00 (Strong demand zone)
• $150.00 (Psychological support)
TRADE SETUP – SHORT ENTRY IDEA
> Entry: $158.00 – $159.00
Stop Loss: $161.50
Take Profit:
TP1: $155.00
TP2: $150.00
TP3: $145.00 (Extended target)
Bearish momentum confirmed on lower timeframes (15m, 1h). Failed bounce near $160 increases probability of continuation to the downside.
RISK MANAGEMENT:
Always use proper position sizing (1-2% risk per trade). Stick to your stop loss. Never chase trades. Let the setup come to you.
Market favors SHORTS on SOL/USDT until key resistance is reclaimed! Stay sharp!
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