📉 $SOL /USDT – Short Trade Strategy 📉
💰 Current Price: $174.97
📉 Recent Rejection: High of $179.85
📊 Key Levels to Watch:
🔹 Resistance: $176.50 / $179.00
🔹 Support: $170.00 / $165.00
🎯 Potential Targets:
✅ TP1: $172.50
✅ TP2: $168.00
✅ TP3: $164.00
🛑 Stop Loss: $178.00
📊 Market Analysis:
After a sharp upward move, Solana is now experiencing consolidation, hinting at possible exhaustion.
A wick rejection at $179 suggests potential downward pressure.
RSI on lower timeframes is signaling overbought conditions, increasing the probability of a pullback.
🔥 Pro Trading Insights:
✔️ Wait for a decisive break below $173.50 to confirm further downside.
✔️ Monitor trading volume—a decline in buying activity strengthens bearish momentum.
✔️ Consider using a trailing stop to manage volatility and secure profits.
🚀 Stay disciplined, trade smart, and manage risk effectively!
