๐ $SOL Short Trade satup
๐น Entry Zone (Sell Opportunity)
SOL is currently trading around $206.27, sitting above the upper Bollinger Band (202.94) โ an overbought region. This makes the $205โ$209 zone a prime short-entry area.
๐ Watch for bearish candlestick signals (e.g., bearish engulfing, doji, shooting star) as confirmation.
๐น Profit Targets$SOL
TP1: ~$187 โ Middle Bollinger Band (187.22) โ first likely support.
TP2: ~$171โ$177 โ Lower Bollinger Band (171.49) & 24h low (177.27) โ strong support zone and key downside target.
๐น Risk Management (Stop Loss)
SL: $214โ$215, just above the recent high of $213.90.
This protects against invalidation if SOL breaks to new highs.
โ ๏ธ Trade Idea Recap:
Overbought conditions + resistance rejection = short opportunity toward $187 and $171โ$177. Manage risk with a stop above $214.