$SOL USDT short trade signal 🛑 🚦
FACING STRONG REJECTION — BEARS READY TO STRIKE 🔻
$SOL is struggling to break above the $204 resistance, forming multiple rejection candles on the 15-min chart. The repeated failure at this supply zone signals exhaustion in bullish momentum. A rejection here could lead to a corrective move back to lower support near $198.
🔻 Trade Setup (Short Trade Signal):
Entry Zone: $203.90 – $202.80
Take Profit 1: $200.50
Take Profit 2: $197.95
Stop Loss: $206.09
Leverage: 10x
Risk Management: 2–3% wallet size
📉 Market Outlook:
SOL is showing signs of distribution after an extended push. Sellers are defending the $204 zone aggressively. A break below $202.50 could trigger further downside, with eyes on the $198 level as the next liquidity target.
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