$SOL
I can provide a general trade setup for shorting $SOL (Solana) based on your analysis. However, for precise entry and exit points, a chart would be helpful. Here’s a structured short trade setup:
🔻 SOL Short Trade Setup
Entry Zone: Near the retest level (previous support turned resistance)
Stop-Loss (SL): Above the retest zone to avoid getting trapped in a fakeout
Take-Profit (TP) Targets:
TP1: Closest major support level below the current price
TP2: Next key support if bearish momentum continues
Risk Management Tips:
Confirm the retest failure before entering the trade
Watch for bearish candlestick patterns like rejection wicks, engulfing candles, or breakdowns
Manage leverage properly to avoid liquidation in case of a volatile move
If you have a chart, feel free to share the levels for better precision!