$SOL /USDT TECHNICAL ANALYSIS: BEARISH PRESSURE BUILDING – WATCH OUT FOR A DOWNTREND! 🔻
📊 Current Price: $141.91 🔑 Support Level: $130.65 🔑 Resistance Level: $142.90
🔻 BEARISH SIGNALS EMERGING – $SOL/USDT COULD HEAD LOWER! After testing resistance at $142.90, $SOL/USDT is facing significant bearish pressure. A break below $141.00 could lead to a further drop towards $130.65, with sellers looking to gain control.
💡 Trade Setup – Short Opportunity:
🔹 Short Entry: $141.50 🔹 Target (TP):
First Target: $138.00
Second Target: $130.65 🔹 Stop Loss (SL): $144.00
🔮 Market Outlook – Bearish Continuation Possible: With a 24h low at $130.65 and volume showing increasing selling pressure, $SOL is at risk of further declines. If $142.90 holds as resistance, the next move could be a test of lower support levels. The market sentiment is leaning bearish.
⚖️ Risk Management – Protect Your Capital: Risk no more than 2% of your capital per trade. Set your stop loss and adjust position sizes based on your risk tolerance and market volatility.
🔥 Binance Traders, Get Ready for Potential Downside! With bearish pressure mounting, $SOL/USDT could see a continued decline. Stay sharp and trade smart!
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