$SOL /USDT – Support Breach, Bears Dominate
SOL has broken below the critical $185 support, hitting an intraday low of $184.36. This confirms strong bearish momentum following a sharp drop from the $198.07 high earlier today. With no strong buying interest at $185, the likelihood of further decline increases.
Short Setup – Trade Plan:
Entry: $184.60–$185.00 on minor pullbacks
Stop Loss: $186.20 (above broken support)
Targets:
TP1: $182.40 (recent liquidity area)
TP2: $179.50 (next major support)
Risk/Reward: About 1:2 when targeting TP2
Price Action View:
Breaking $185 flips former support into resistance. Bears remain in control, with a pattern of lower highs and lower lows. Rising sell volume supports the bearish outlook, suggesting this isn’t just a quick dip.
Profit Potential:
Around 70% probability if price stays under $185, but a strong move back above could spark a short squeeze.
