šØ $SOL /USDT - Rejection at Key Resistance! šš„
Solana (SOL/USDT) has faced strong rejection at the resistance zone and is now showing signs of a potential downward move. If momentum continues, we could see a drop toward key support levels.
š Trade Setup:
š Entry Confirmation: Below $193
šÆ Target 1: $190
šÆ Target 2: $188
š Stop Loss: Above $197
š Market Insights:
š Bearish Structure: The price has formed a clear rejection pattern from the resistance zone.
š Liquidity Grab: If we see further downside pressure, SOL could test the lower demand zone.
ā ļø Risk Management: Watch for volume confirmation before entering short positions.
š” Pro Tip: Wait for a clear breakdown with retest before taking positions. Managing risk is key in volatile conditions.
What are your thoughts? Will SOL drop further or surprise us with a breakout? šš