$SOL USDT – BEARISH REJECTION NEAR $164! SHORT-TERM DOWNTREND RESUMING?
FAILED BREAK ABOVE $161.68 – BEARS DEFEND RESISTANCE
LOWER HIGH WITH STRONG SELL VOLUME – SELLERS BACK IN CONTROL
$SOL USDT attempted to bounce but was quickly rejected from $164, forming a bearish candle and lower high on the 4H chart. Price is now back below the $161.68 key level, showing signs of weakness with rising red volume.
Trade Setup:
Short Entry: $160.20
Target (TP): $157.20 / $154.50
Stop Loss (SL): $164.50
If the price breaks below $159.17, further downside pressure could accelerate. Bears likely to remain in charge unless $164 is reclaimed convincingly.
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