#USNonFarmPayrollReport $SOL
Current Position Overview:
Price: ~$206.98, down fractionally from recent highs around $212–$210 .
Technical Context: Solana is failing to reclaim the $210–$211 resistance zone, which continues to act as a barrier for bullish momentum.
Solana is under renewed bearish pressure as it continues to fail above critical resistance zones. The sellers remain in control, and a breakdown below current support could pave the way for further declines.
Trade Setup (Short)
Parameter Value
Entry Zone $207.50 – $208.20
Current Price ~$206.98 (below entry)
Revised Entry Aggressive: Below $207.50 Conservative: Wait for pullback toward $208
Targets TP1: $206.50 TP2: $205.20 TP3: $203.80
Stop Loss $209.50 – Keeps you safe above resistance
Market Outlook
Resistance holding strong: The $210–$211 zone remains formidable; SOL is clearly capped there .
Bearish bias confirmed: Failure to break $209 keeps sellers firmly in control.
Momentum dynamics: If support around $207 cracks, look for accelerated selling toward deeper retracement levels.
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Strategy Adjustments Based on Current Price:
Since SOL is already below the entry zone, here are two options:
1. Aggressive Entry: If you’re comfortable, consider shorting now as momentum is already favoring the downside.
2. Wait for Pullback: For a safer setup, wait for a bounce back into the $207.50–$208.20 zone before entering. This allows for a cleaner entry aligned with your original structure.
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206.64
-0.83%
