$SOL /USDT BEARISH CONTINUATION SETUP 🚨📉

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Current Price: 145.29 USDT

24h High: 154.61 USDT

24h Low: 141.53 USDT

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Key Levels:

Resistance: 150.00 (MA 99) & 153.79

Support: 141.53 (24h Low) & 143.58 (recent swing low)

Immediate Moving Averages: MA(7) 145.19, MA(25) 144.40 (both just below current price indicating weak support)

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Technical Overview:

The price is currently trading below the strong 99-period MA at 150 USDT, showing a bearish bias. The recent rejection near 153.79 and a sharp 5.36% drop highlight selling pressure. The moving averages are converging near 145, suggesting a potential breakdown if price falls below 143.58 support.

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Trade Setup:

SHORT ENTRY: Below 144.00 USDT (confirmed break of immediate support)

Stop Loss (SL): 148.00 USDT (above MA 25 and recent resistance)

Take Profit (TP):

TP1: 141.53 (recent low support)

TP2: 138.00 (psychological support zone)

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Risk Management:

🛡️ Risk max 2% of trading capital per trade.

📊 Use a proper SL to avoid large drawdowns.

⚖️ Confirm entry with volume increase and bearish momentum indicators like MACD crossing down

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