🚨 $SOL/USDT – Short Opportunity in Play
Market Snapshot
Price: ~$206.98, pulling back slightly from the recent $210–$212 highs.
Technical View: Solana continues to struggle at the $210–$211 resistance zone, which has proven to be a strong ceiling for buyers. The repeated rejection signals growing bearish momentum.
Trade Setup – Short Bias
Parameter Value
Entry Zone $207.50 – $208.20
Current Price ~$206.98 (already below entry)
Revised Entry Aggressive: Below $207.50 Conservative: Wait for pullback to $208
Targets TP1: $206.50 TP2: $205.20 TP3: $203.80
Stop Loss $209.50 – Safely above resistance
Why Bearish?
Resistance Unbroken: The $210–$211 zone keeps rejecting price, proving a tough hurdle for bulls.
Seller Control: Failure to hold above $209 keeps the short-term bias bearish.
Momentum Shift: A clean break below $207 may trigger stronger selling pressure toward deeper supports.
Strategy at Current Levels
Since SOL is already trading below the planned entry:
1. Aggressive Traders: Can consider shorting now, as momentum favors downside.
2. Conservative Traders: Wait for a minor bounce back toward $207.50–$208.20 to get a cleaner, low-risk entry.