$SOL /USDT BEARISH OUTLOOK – SHORT ENTRY SETUP
After failing to sustain above the 189.13 resistance zone, $SOL shows clear bearish momentum as selling pressure intensifies near key rejection levels. Consecutive lower highs on the 1H and 4H charts indicate weakening buyer strength, with price slipping below support at 178.13, confirming short-term downside bias.
📉 Technical Setup:
- Entry (Short): Below 177.00
- Take Profit (TP): 172.50 / 168.80 / 165.00
- Stop Loss (SL): Above 182.50
Analysis Insight:
Bearish volume spikes and failure to retest upper resistance hint at potential continuation toward lower support levels. RSI trending below 45 and MACD cross-down further confirm bearish sentiment.
Risk Management:
Risk only 1–2% per trade. Adjust position sizing to protect capital and move SL to breakeven once first TP is hit.
#TechnicalAnalysis #CryptoTrading #Solana #PriceAction #MarketUpdate $SOL