Solana ($SOL ) is showing signs that its recent rally may be coming to an end, with a potential short-term reversal on the horizon. After pushing past $219, the price is now facing strong resistance. Fading volume and candle rejections suggest that the uptrend is losing momentum and a bearish setup is forming.
Trade Details:
Action: SHORT SOL/USDT
Entry Zone: $218.50 – $219.50
Stop Loss: $222.31 🚫 (This is your maximum loss point. The trade is invalid if the price goes above this level with strong volume.)
Take Profit 1 (TP1): $213.00 🎯
Take Profit 2 (TP2): $208.00 💰
Take Profit 3 (TP3): $203.00 🔻
Market Outlook:
The price is expected to pull back toward the $203 zone if it breaks below $216 with strong momentum. Keep an eye on the $217 zone for confirmation that this bearish move is underway. Remember, this setup could fail if the price rallies strongly above $222.50.
This is not financial advice. Do your own research and manage your risk.
