$SOL Potential Trade Suggestion:

Given the strong prevailing bearish momentum indicated by the price action well below the moving averages and the significant selling volume, a short trade could still be considered, but with caution due to the potential for a short-term bounce from oversold conditions.

Entry Point: Consider entering a short position on a potential weak bounce back towards the $161.55 - $161.72 (MA(7) and MA(25)) area, as these could act as resistance. Alternatively, a confirmed break below the $159.44 support level could also be a trigger for a short entry.

Stop-Loss: Place a stop-loss above the MA(25) around $162.50 to $163.00. This would limit your potential loss if the price sees a stronger-than-expected reversal.

Take-Profit: Initial take-profit targets could be set around the $157.00 or even lower towards the next potential support levels (which are not clearly visible on this snapshot but would need to be identified on a broader timeframe analysis).#BinanceAlphaAlert