$SOL Short Trade Setup ๐จ
202.66 (+12.36%)
๐น Entry (Sell Zone): $205 โ $209
Price is hovering around $206.27, above the upper Bollinger Band ($202.94) โ signaling overbought conditions.
Resistance tops near $213.90. Watch for bearish reversal candles (shooting star, doji, bearish engulfing) before entering.
๐น Take Profit Levels:
TP1: ~$187 โ Middle Bollinger Band ($187.22)
TP2: ~$171 โ $177 โ Lower Bollinger Band ($171.49) & 24h low ($177.27)
๐น Stop Loss:
Set at $214 โ $215, above the recent high ($213.90). Breakout above this zone cancels the short.
๐ก Idea: Bears hold the edge if $SOL stays below $214. Rejection here opens downside potential toward $187 and $171.