$SOL
/USDT – BEARISH FADE FROM RESISTANCE ZONE!
$SOL just got rejected from the $158.00 level after a quick intraday recovery. Price action shows multiple wicks on the upside with short-term pressure building near $157.50. This may lead to a minor correction if bulls don’t reclaim momentum quickly.
Trade Setup (SHORT):
Entry Zone: $157.40 – $158.00
Target 1: $155.00
Target 2: $153.20
Target 3: $150.80
Stop Loss: $158.80
Why Short?
$SOL has formed a double rejection at local resistance and is struggling to sustain any higher push. Volume appears to fade near the top, and the quick fade-off signals possible exhaustion from intraday buyers.
Risk Management Tip:
Watch how the price reacts to $156 — if support cracks, the short setup becomes more favorable. Always exit above $158.80 if bulls take over.
Sell smart — don’t chase green candles when the trend is turning red!