$BNSOL/USDT - Price Rejected at Resistance! Short Trade Alert! šØ
Price: $137.8 (+2.84%)
š $BNSOL hit strong resistance around $140ā$142 and got sharply rejected, breaking its structure with a big bearish candle on the 30-minute chart. This might mean a bigger drop is coming.
š Important Levels:
ā¢ Resistance: $142.0 ā $140.0
ā¢ Support: $135.0 and $131.0
ā¢ Breakdown Level: $137.0
š How to Set Up a Short Trade:
ā¢ Entry Area: $137.0 ā $138.5
ā¢ Price Targets:
ā¢ TP1: $135.0
ā¢ TP2: $132.0
ā¢ TP3: $129.5
ā¢ Stop Loss: $140.8
š» Market View:
After testing the upper resistance, $BNSOL showed a strong bearish candle, suggesting the bullish momentum has ended. Sellers might become active if the price drops below $137.
š” Useful Tip:
Consider using a trailing stop once your first target ($135.0) is reached to potentially gain more profit. A clear break below $135 confirms that the price is likely to keep going down.
ā ļø Rejection confirmed ā consider shorting on any bounce and aim to profit from the downward move! š
$BNSOL trade here
