*$SOL /USDT - BEARISH SHORT SETUP*
Technical Analysis:
$SOL /USDT on the 1-hour chart shows a clear downward trendline breach with price action indicating a bearish continuation. The recent candlestick patterns suggest sellers are in control, pushing price towards lower levels. A break below the current support zone near 131 could lead to further downside momentum.
Trade Setup:
- *Entry*: Short entry below 131.80
- *Targets (TP)*: 130.00, 128.00
- *Stop Loss (SL)*: Above 133.04
Risk Management: Keep position size according to your risk tolerance, set SL strictly to manage downside.
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SOLUSDT
Perp
127.7
-3.18%