$SOL /USDT BEARISH MOMENTUM INTENSIFIES – BREAKDOWN LOOMS AHEAD
Solana is facing increasing bearish pressure after rejecting from recent highs. Price action shows weakness below key resistances, suggesting a potential short-term correction unless bulls reclaim lost ground. 📉
📍 Current Price: $163.53
📉 Resistance Levels:
$165.00 (Immediate Resistance)
$171.73 (24h High / Major Resistance)
📈 Support Levels:
$161.30 (24h Low / Key Support)
$158.00 (Next Demand Zone)
🎯 Trade Setup – SHORT ENTRY:
🔹 Entry: $163.50 – $165.00
🔻 Targets (TP):
TP1: $161.00
TP2: $158.00
TP3: $154.50
🛑 Stop Loss (SL): $167.00
📊 Risk Management:
Risk only 1-2% per trade, always aim for 1:2 or higher risk-reward ratio. Trail your SL after TP1 for secure profits. Stay sharp, stay safe!
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