is setting up for a potential leg lower. After failing to reclaim the key $165 resistance, Solana is now locked in a clean descending channel on both the 1H and 4H charts. The price action is printing lower highs, confirming bearish structure — and sell volume is starting to pick up.
The RSI remains below the 50 level, showing sellers are still in control. A strong rejection near the 24h high of $171.66 further validates the short bias.
I’m eyeing a breakdown below $162.50 as a trigger for this short trade.
SHORT SETUP:
Entry: Below $162.50
TP1: $159.00
TP2: $155.50
SL: Above $165 (tight risk control)
This play lines up with broader market weakness and continued pressure on altcoins across the board. Stay sharp — and manage your risk wisely.
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