Solana ($SOL ) is facing intense selling pressure, with charts confirming a sharp rejection at the top of its channel. Multiple technical indicators are flashing red, suggesting a deeper pullback could be on the way.

🔎 Why a Drop Looks Likely

  • Classical TA: Strong rejection at key resistance.

  • Candlestick Patterns: Bearish reversal formations signaling weakness.

  • Fibonacci Levels: Exhaustion signs appeared near the $250 zone.

  • RSI: Overbought readings → momentum stretched, risk tilting downward.

  • MA & Ichimoku Cloud: Early signals of weakening trend strength.

  • Bollinger Bands: Tightening, pointing to an incoming volatility spike.

💥 Trade Setup – High Probability Short

  • Entry Zone: $238 – $237

  • Take Profit 1: $225

  • Take Profit 2: $200

  • Stop-Loss: $260

  • Leverage: 6x

  • Bias: Bearish → Targeting a short from the rejection zone.

📉 With bulls losing momentum, this setup could offer traders a solid opportunity to capitalize on the next wave of downside pressure.

⚡ But remember: smart traders manage risk first, profits second. Always stick to your plan, never over-leverage, and protect your capital.

🌟 Pro Insight for Followers

Markets don’t move in straight lines. Even in bearish setups, bounce traps and fake-outs can occur. The traders who win are the ones who stay disciplined, set their levels, and execute without emotions.

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