$SOL /USDT Short Trade Signal 🛑💯🔥
Head & Shoulders Breakdown Confirmed!
Market Insight:
A classic Head and Shoulders pattern has formed, signaling a strong continuation of the downtrend. The breakdown is confirmed, and bearish momentum is gaining steam. This is a prime opportunity to capitalize on the downward pressure.
📉 Short Entry:
Entry Range: $212.11 – $211.85
Target 1: $208.00
Target 2: $204.40
Stop Loss: $217.31 (above the right shoulder to manage risk)
🔍 Technical Breakdown:
After failing to break above the $216 resistance, SOL has confirmed its bearish structure with the Head & Shoulders pattern. The neckline has been broken, and sellers are in control. Expect increased volatility as it approaches the $208 support, with potential for further downside.
Pro Tip:
Watch for any minor pullbacks to the neckline for re-entry opportunities. Maintain a tight stop above $217 to protect against false breakouts.