🔥 $SOL Correction Mode – Short Trade Opportunity! 🔥
Solana has lost steam after the recent rally, dropping -5.94% to $197.45 from its peak of $213.60. Volume spiked to 92.57M+, showing heavy selling pressure as the price tests the critical $195.00 support zone. Bears are circling! ⚡📉
📊 Short Trade Setup:
Entry Zone: $196.50 – $195.50
Stop Loss: Above $198.50
Take Profit Targets:
🎯 TP1: $192.00
🎯 TP2: $188.00
🎯 TP3: $184.00 (extended target for max profit)
📈 Market Insight:
Momentum Weakening: The 5-day MA (226.21) is above the 10-day MA (270.49) → confirming bearish momentum.
Support in Danger: A daily close below $195.00 could spark a deeper correction.
Volume Surge: Increased trading volume signals whales unloading positions, adding fuel to the downside.
💡 Trading Note:
This setup offers a clean risk-to-reward short play. Stick to the stop loss to stay safe, but if $195 breaks, expect rapid drops toward $192 → $188 → $184.
⚠️ Solana is at a make-or-break level – failure to hold could open the door for an extended correction. Smart traders are already eyeing this short entry.
📍 Current Price: $197.45 (-5.94%)
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