$SOL /USDT TECHNICAL ANALYSIS: SHORT TRADE SIGNAL
Trade Setup:
Short Entry: Below $208.5624
TP1: $192.1790
SL: $210.0000
Short Outlook of Market:
The SOL/USDT chart shows a significant decline from a recent high. The current position displays an unrealized PNL of -$372.89, representing a -29.04% loss. This indicates a strong bearish trend. The current mark price of $203.6200 is well below the entry price of $208.5624. The liquidation price is at $192.1790, which also serves as a strong support level. A continued drop is likely if the bearish momentum persists, with a high probability of retesting the liquidation price. The short-term outlook is bearish.
