$SOL Bearish Fade or Reversal Setup? Watch This Range Closely!
SOL is trading at $183.86, showing weakness after a failed attempt to reclaim upper resistance. The price is moving within a narrow range, hinting at indecision. A breakout or breakdown from this zone could lead to a strong directional move.
Key Levels to Monitor
• Resistance: $185.30 — Bulls must break and hold above this level to regain control
• Target 1: $187.00
• Target 2: $190.50
• Support: $183.20 — A clean drop below this may invite stronger selling pressure
• Target 1: $181.80
• Target 2: $180.00
Trade Setup – Range Break Imminent
Bullish Bias:
Entry above $185.30
• TP1: $187.00
• TP2: $190.50
• Stop Loss: Below $183.20
Bearish Bias:
Entry below $183.20
• TP1: $181.80
• TP2: $180.00
• Stop Loss: Above $185.30
Currently sitting in a consolidation pocket after rejection near $185. A breakout from this range will likely drive the next short-term trend. Let the market decide — then ride the move.
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