$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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