$SOL /USDT Trading Analysis Downward trend 💯 confirmed
Current Price: $115.76 (-7.92%)
Entry Level: Below $117 for short positions
Target Point: $110 - $105 (short-term)
Stop Loss: $118.50 (for short positions)
Trading Signals:
Bearish momentum as the price moves below key moving averages (MA7: $117.70, MA25: $118.71).
High volume sell-off indicates strong downward pressure.
Key support level around $110, with potential for further decline if broken.
Strategy:
Short positions may be considered below $117, targeting $110-$105.
A break above $118.50 could indicate a potential reversal.
Risk Management:
A stop loss at $118.50 helps manage risk in case of unexpected upward movement.
