📉 $SOL/USDT – Bearish Momentum Builds as Channel Support Snaps
Solana has slipped out of its descending channel structure, signaling potential for deeper losses. After a steady decline from above $170, the price has now fallen below the $153 level, down roughly 7% today. With the trend turning sharply bearish, sellers appear firmly in control. If $152 fails to act as support, further downside is on the table.
🔍 Trade Idea:
Entry Zone: $152 – $154
Targets: $148 → $144 → $138
Stop-Loss: $157
🧠 Why Consider Shorting?
Price has been tracking within a clear descending channel, consistently printing lower highs and lower lows. The recent breakdown below this channel confirms continued weakness. No signs of a bullish reversal yet, and volume remains tilted to the downside.
⚠️ Risk Reminder:
Base your position size on your stop-loss range — not emotions. Stick to your trading plan. Overtrading or revenge trading can quickly drain your capital.
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