$SOL Short Trade Idea โ High-Risk/High-Reward? ๐จ
Hereโs the current setup on Solana ($SOL):
๐น Sell Zone (Entry Range): $205 โ $209
Price is trading near $206.27, sitting above the upper Bollinger Band ($202.94) โ a textbook overbought signal.
Resistance extends up to $213.90, but patience is key: wait for bearish reversal candles before entering.
๐ Take Profit Targets
TP1: ~$187 โ Middle Bollinger Band ($187.22)
TP2: ~$171 โ $177 โ Lower Band ($171.49) & 24H Low ($177.27)
๐ Stop Loss
Place SL at $214 โ $215, just above the $213.90 swing high. A break here would likely invalidate the short setup.
๐ก Quick Outlook
As long as $SOL stays under $214, momentum leans bearish.
A rejection from this zone could drive price toward $187, with potential continuation into the $171 support area.
๐ Watch for candle rejections โ theyโll confirm the move.
#CryptoTrading #Solana #SOL #BinanceSquare #BollingerBands $SOL
