$SOL
– BOUNCE OR JUST A BREATHER?
REJECTED FROM $170.35, DROPPED TO $159.20
CURRENTLY CONSOLIDATING AROUND $164.86
$SOL faced intense selling pressure, plunging from $170+ to a low of $159.20. A short-term bounce is in play, but price action remains below the key $167.22 resistance zone. Bulls need a strong push above $168 to reclaim momentum. If rejection happens again, downside risk toward $160 remains open.
Trade Setup:
Short below $164.50 on weakness
SL: $167.5
TP1: $161.0
TP2: $159.2
Caution: Chop zone — wait for confirmation before entry.