$SOL /USDT based on your latest market data:
$SOL/USDT – BEARISH SETUP BELOW $165 RESISTANCE! 🔻
Solana is currently trading at $164.05, down -2.57% in the past 24 hours. After failing to sustain above the $169.75 high, SOL is now testing key short-term supports with increasing downside pressure.
KEY TECHNICAL LEVELS:
Resistance 1: $169.75 (24h High)
Resistance 2: $165.30–$165.50 (intraday rejection zone)
Support 1: $159.20 (24h Low)
Support 2: $157.00 (next downside target)
Support 3: $150.00 (major support zone)
TRADE SETUP – SHORT STRATEGY
Entry (Sell): $164.50–$165.30 (on bounce/retest)
Take-Profit (TP):
TP1: $159.20
TP2: $157.00
Stop-Loss (SL): $167.00 (above key resistance wick)
> ⚠️ Bearish MACD crossover and declining BOLL bands indicate a loss of momentum. Watch volume closely — strong selling volume confirms the short bias.
RISK MANAGEMENT TIP: Keep risk exposure limited to 1.5–2% of total capital per trade. Adjust position sizing accordingly. Always honor your stop loss to protect your account.
If SOL breaks below $159.20 with volume, we could see a quick drop toward $157 and potentially $150. Stay patient and wait for confirmation before entering.
Would you like a visual chart post or creative design to go with this analysis?
#EthereumTurns10 #WhiteHouseDigitalAssetReport #TrumpTariffs #FOMCMeeting #WhiteHouseDigitalAssetReport $SOL