$SOL swing trading simple technical analysis and trade set up 06.06.2025
- Weekly levels: 141.55 and 187.5
- Daily levels: 152
- Price action: price dropped quickly from 154.5 to 141.53 in the last 24 hours. The price show resistance at 141.55 level.
- Confirmation: nothing in particular except a long wick bearish bar at 4H timeframe.
So the overall trend is bearish. However the weekly levels are powerful zones where big players would defend them. Expected a retracement so let's try scalping.
- Entry: 144~145
- TP: 150
- SL: 141.5
Let's see how it goes.
