šØ $SOL / USDT ā SHORT TRADE SIGNAL (1H TIMEFRAME)
š„ Market Overview:
Solana ($SOL) has broken below the key intraday support zone near $225, confirming a bearish structure after multiple failed attempts to hold above resistance at $230ā$232. The rejection at the top and the strong bearish candle following it suggest renewed selling momentum as short-term traders exit long positions.
The breakdown signals potential for further downside continuation toward lower demand zones, especially if $SOL fails to reclaim $226 in the next few candles.
š Key Levels:
Resistance Zone: $226.0 ā $228.5
Support Zone: $216.5 ā $217.0
š Trade Setup (Bearish Continuation):
š° Entry Zone: $225.0 ā $226.0
šÆ TP1: $220.0
šÆ TP2: $216.8
š Stop Loss: $228.5
š” Market Outlook:
$SOL is showing clear short-term weakness, as lower highs and lower lows continue to form on the 1-hour chart. The Aroon indicator confirms a strong downtrend bias, suggesting that sellers are in control.
If price continues to close below $225, expect a retest of the $217 zone ā the next critical liquidity level. Any rejection near $226 on retest would be an ideal entry confirmation for short setups.