📉 $SOL

/JPY BEARISH SETUP – UPTREND STALLING NEAR RESISTANCE

$SOL/JPY is trading at 21,256 JPY ($147.14), up just +0.53% on the day. Price recently touched 21,520 JPY but failed to break higher. A lower high formation is emerging, suggesting weakening bullish momentum. A clean breakdown below 21,096 could open the door to a sharper correction.

🔑 Key Levels

Resistance: 21,498 – 22,286

Support: 21,096 (immediate), then 20,972

Current Price: 21,256 JPY

📊 Trade Setup (Short):

Entry Zone: 21,250 – 21,450

Take Profit 1: 21,032

Take Profit 2: 20,972

Stop Loss: 22,300

💡 Short Market Outlook:

SOL/JPY is showing signs of exhaustion after multiple failed attempts to break above 21,500. With MA(5) starting to curve down and price consolidating below recent highs, a breakdown below 21,096 would confirm bearish control. Watch for confirmation with an increase in downside volume.

⚠️ Risk Management:

Risk only 2–3% of portfolio

Place stop loss above 22,300 to avoid a breakout trap

Enter short only after 21,096 is breached with volume

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