$SOL /USDT BEARISH BREAKDOWN – DEAD CAT BOUNCE OR REAL REVERSAL?
$SOL just tagged a new low at $141.43 after an intense sell-off from $163.57. While it’s currently bouncing near $144.53, the structure remains bearish below the $150–$152 resistance zone. RSI is still weak at 34, indicating oversold but not yet reversal-ready.
Trade Setup (SHORT):
Entry: $145.00 – $147.50
Target 1: $141.50
Target 2: $138.00
Stop Loss: $150.60
Why Short?
The bounce looks corrective, not impulsive. This is likely a lower high forming. Unless SOL reclaims $152+ with strong volume, further downside is more probable. Sellers are still in control.
Risk Management Tip:
Don’t enter late — always place SL above the last rejection point. Manage risk tight, especially during bounces in bearish trends.
Sell smart — don’t chase green candles when the trend is turning red!