$SOL /USDT SHORT TRADE SETUP — REJECTION NEAR $171 SIGNALS POTENTIAL DROP
$SOL is trading at $168.33 after getting rejected from the $171 resistance level. The 1-hour chart shows a clear bearish engulfing candle forming after a lower high, indicating weakness. If the price fails to reclaim $170+, we may see a retracement back to the support zone near $162.
Trade Setup: (Short)
Entry: $168.30
Take Profit: $162.45
Stop Loss: $171.34
Market Outlook:
A clear rejection from the upper resistance band suggests a correction is likely. Momentum is fading, and traders could take advantage of this pullback before bulls potentially re-enter at lower levels.
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