SOL
137.25
+2.64%
$SOL /USDT: Minor Bearish Continuation
The Solana chart on the 15-minute timeframe shows a breakdown from a minor consolidation range, indicating a possible continuation of a short-term bearish impulse.
Trade Setup:
Entry Range: $138.50 - $138.60 (Near current price)
Target 1: $137.80 (Recent support retest)
Target 2: $136.80 (Lower range of recent lows)
Target 3: $135.98 (Intraday low)
Stop Loss (SL): $139.30 (Above recent high)
Short Outlook of Market:
After being rejected from $140.68, the price is trending down. The current candlestick is red, suggesting momentum to the downside. The overall market is under pressure, and if $138.00 fails to hold, a move toward the intraday low of $135.98 is likely.