Signal Alert! 🚨

Coin: $SOL / USDT (Solana)

Direction: SHORT 📉

Current Price: 157.16 USDT

Why we're looking Short:

SOL has just formed a clear Double Top pattern 📉, indicating potential exhaustion in the bullish momentum. Furthermore, the price appears to have tapped into a bearish Order Block (supply zone) around the recent highs, confirming selling pressure! This combination suggests a high probability of a downward move. Get ready for some potential downside! 🐻

Entry Zone:

We're looking to enter around the current price, specifically around 157.10 - 157.80 USDT. This is our zone to catch the move down! 🎯

Targets (Take Profit Zones):

* TP1: 155.75 🎯 (0.5 Fibonacci retracement)

* TP2: 154.37 🎯 (0.382 Fibonacci retracement)

* TP3: 153.04 🎯 (0.236 Fibonacci retracement)

* TP4: 152.31 🚀 (Potential extension to next support)

* TP5: 150.88 🌊 (Further downside potential)

Stop Loss (Protect your capital!):

* SL: 158.81 ⛔️ (Just above the double top/order block)

Timeframe: 15-minute chart (15m) ⏱️

Risk Management:

ALWAYS use proper risk management! This is NOT financial advice. Do your own research (DYOR) and trade responsibly. 🙏

What are your thoughts on SOL's next move? Bearish or Bullish? Let us know below! 👇

#SOL #Solana #Crypto #TradingSignal #BinanceSquare #DYOR #Short #DoubleTop #OrderBlock