$SOL USDC – LOCAL TOP FORMED AFTER WICK REJECTION | SHORT TRADE SIGNAL
REJECTION AT $185 SHOWS SELLING PRESSURE
BEARISH ENGULFING FORMED ON 4H CHART
$SOL hit resistance at $184.95 and quickly rejected with a sharp upper wick and a bearish candle. Price is now below $180, signaling a potential pullback as momentum cools off.
Trade Setup:
Short Entry: 178 – 180
Targets:
TP1: 173
TP2: 167
TP3: 161
Stop Loss: 185
Short Outlook:
Momentum fading after a steep rally; price likely to correct further unless bulls reclaim $185 with strong volume.
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