🚨 SOL/USDT Trade Setup: Key Levels & Strategy! 🚨

Current Price: 177.7326 (-2.85%)

Trend: Bearish (Lower Highs & Lows)

MA5 Resistance: 185.3174

MACD: Bearish (-3.533, below signal line)

📉 Trade Idea: Short on Retest or Breakdown

Entry Zones:

· Aggressive: Near current price (~177.7)

· Conservative: Retest of MA5 (~185.3)

🎯 Targets:

1. 160.5734 (Support) → 1:1 Risk-Reward

2. 141.2559 (Next swing low) → 1:2+ Risk-Reward

🛑 Stop-Loss: Above 185.5 (MA5 + buffer)

📊 Why This Setup?

· Price Action: Downtrend confirmed by lower highs & rejection near 199.2.

· MACD/MA5 Alignment: Bearish momentum, no reversal signals yet.

· Volume: Weak buying interest during pullbacks.

⚠️ Caution:

· Watch for a MACD bullish crossover (potential reversal).

· Bitcoin’s movement may impact SOL’s trend.

🔍 Probability: 60-70% for downside toward 160.5, lower for 141.2.

💬 Thoughts? Like & Reply with your take!

#Solana #SOLUSDT #Crypto #Trading #BinanceSquare

(Not financial advice. Trade responsibly!) 🚀