$SOL
/USDT - Setting up a short sale as bearish traders continue to dominate
Solana continues to show weakness after surpassing the 224+ area, now trading around 196 with a sharp decline of -4.7%. The price is consolidating just below 197, unable to regain its momentum, while lower highs and ongoing selling pressure indicate further downside risk. A drop below 192 may accelerate the decline.
Trade Setup (Short Sale):
Entry Price: 196 - 197
Targets (TP): 188.9 / 185.9 / 184.7
Stop Loss (SL): 200.2
Unless the bulls strongly defend the 196-197 area, the chart favors a continuation of the decline towards deeper support levels.
