$SOL /USDT BEARISH RETEST IN PLAY โ DOWNSIDE PRESSURE BUILDING ๐ป
Solana is struggling to reclaim bullish momentum after a rejection from $176.77, now trading at $167.71. Price action shows a lower high and failure to hold above $170 โ indicating sellers are stepping in. A breakdown below $166 could open deeper downside.
Key Levels:
Resistance: $170 โ $176.77
Support: $166.20 โ $159.44
Current Price: $167.71
Trade Setup (Short):
Entry: $167.5 โ $169
TP 1: $166.20
TP 2: $162.50
TP 3: $159.50
SL: $171
Risk Management:
Always use a stop loss and follow 1โ2% capital risk per trade. Manage size near volatile levels and monitor candle closings on 4H for confirmation.
Play smart โ donโt fight the trend!
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