$SOL /USDT shart trade signal š
ā BEARS IN CONTROL! IS THE DUMP OVER? šØ
Solana (SOL) has faced a brutal sell-off, crashing over 19% in the last 24 hours, currently trading around $137.17. The price tested a 24h low of $132.46, showing strong bearish pressure. However, a consolidation zone has formed, indicating a potential relief bounce before further downside.
š Key Levels:
Resistance: $144 ā $148 (Immediate), $156 (Major)
Support: $132 (Critical), $125 (Next major demand zone)
šÆ Trade Setup (SHORT Position)
Entry: Around $138 - $140
Take Profit: TP1: $132, TP2: $125, TP3: $118
Stop Loss: $145
š Market Outlook:
The sharp downtrend and weak buying volume suggest further downside unless bulls reclaim $144+. The 30m and 1h charts show consolidation, but unless we break key resistance, shorting the bounces remains a strong play.
ā Risk Management:
Keep risk per trade under 2%. Adjust SL if volatility increases. Monitor for fakeouts near $132.
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