๐ด Bearish Trend Alert โ Weak Bounce, Lower Highs in Play! ๐ป
145.17
-5.27%
just couldnโt hold the $154 support and tanked hard to $141.53 before trying a weak bounce. Now hovering around $144.24, itโs struggling near $146.50 resistance โ and thatโs a red flag for bulls. The lower high forming on the 15-min chart? Even worse.
๐ Trade Idea: SHORT $SOL
๐น Entry Zone: $144.80 โ $146.50
๐ฏ Target 1: $141.00
๐ฏ Target 2: $137.20
๐ Stop Loss: $147.80
๐ง Why Short Now?
The bounce feels tired. Price action is sluggish, and volume isnโt backing the bulls. Rejections near $146.50 are showing sellers are stepping back in. If we drop under $143 again โ lights out โ expect a fast slide toward recent lows. ๐ณ๏ธ
๐ก๏ธ Risk Tip:
Avoid chasing price. Wait for clear rejections in the entry zone. Keep stop-loss tight just above the recent highs. Let the trade come to you.
๐ฅ Donโt chase green candles in a red trend. Trade smart. Trade with confiden.
